News
New study on the value of lifelong pensions in old-age provision
18 Oct 2024
A recent study by MRIC sheds light on the value of such a lifelong annuity (life annuity) and why its customer benefits are often underestimated in the market.
Lifelong annuities, also known as life annuities, can make a significant contribution to private pension provision, especially for people whose standard of living in old age is not yet fully secured from other sources.
A recent study carried out by Kerry McCabe, Andreas Richter and Jörg Schiller on behalf of the German Insurance Association (GDV) examines the value and appreciation of lifelong annuities in voluntary retirement provision.
The authors shed light on the advantages of a lifelong pension and analyze why its customer benefits are often underestimated on the market. In addition, suggestions are formulated on how the benefits for customers can be increased through greater flexibility in product design and innovative approaches.
Further information on the study can be found on the GDV website.