This book (“Life Annuity Products and their Guarantees”), published by the OECD, provides policymakers with a better understanding of Life Annuity (LA) products and the guarantees they offer for optimizing their role in the financing of old age pensions. Product design is a crucial factor in the potential role of these LA products in the pension system, along with their cost and the demand for them, and the resulting risks their providers/suppliers are exposed to. Nonetheless, since LA products are increasingly more complex, they pose additional challenges for the protection of consumers. Consumers should be aware of their options and have access to clear and impartial advice and information regarding these products.

In order to access the online version of this book, please visit the following link.