American Academy of Actuaries Supports Annuities as Efficient Way to Address Longevity Risk

The American Academy of Actuaries (AAA) responded to the Request for Information that was developed by the Departments of Labor and Treasury earlier this year.

The Academy's full response can be viewed here.

The AAA supports the insurance or pooling features of annuities as an economically efficient way to mitigate longevity risk.

Source: American Academy of Actuaries