Retirement Management Journal - Volume 14, Number 1, 2025
Protected Modern Tontines
A New Approach to an Age-Old Problem
Admin
Interest in tontines as a longevity risk pooling strategy is growing, and this paper introduces a new variation worth understanding. The protected modern tontine combines a traditional fixed annuity with a tontine structure in a single product, allocating mortality and duration risks between an insurance company and a tontine pool in a way designed to maximize income, minimize fees, and improve on what either product offers alone.
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About the Retirement Management Journal
The peer-reviewed Retirement Management Journal promotes academic research and innovative thinking across the world of retirement-income planning and management, elevating topics directly related to the Retirement Management Advisor® (RMA®) curriculum. Each issue features a Visionaries Series interview with retirement planning authorities and experts from industry-leading firms.
