Faculty Publications

Title

Taking a Closer Look at Deferred Income Annuities

Document Type

Article

Publication Date

12-2014

Abstract

Deferred income annuities (DIAs), which generally are designed as single-premium income annuities with payments beginning after at least one year, have long appealed to the sensibilities of academics. DIAs are also known as longevity insurance for cases such as a when a 65 year old purchases a DIA contract with income to begin at age 80 or 85.