The impact of health impairment on optimal annuitization for retirees

• Main Authors: Asmuni, Nurin Haniah, Tan, Ken Seng, Purcal, Sachi
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2023
• Subjects: Business::Finance; Adverse Selection; Enhanced Annuity;
• Online Access: https://hdl.handle.net/10356/164804
• Institution: Nanyang Technological University

Post retirement, annuities provide a steady stream of income for retirees. However, the annuitization rate is relatively small in the insurance market in many countries around the world. Prior studies have shown that a substandard health status in retirement reduces annuitization due to adverse sele...