Shinhan Life Insurance has launched South Korea's first tontine pension insurance, offering higher payouts for longer lifespans and addressing longevity risk with innovative features and bonuses.
#YonhapInfomax #ShinhanLifeInsurance #TontinePension #LongevityRisk #PensionCommencementBonus #SouthKoreaInsuranceMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98774

South Korea's insurance industry is adapting to longevity risk, with new products like death benefit securitization allowing retirees to access up to 90% of their life insurance payouts as annuities, addressing income gaps amid an aging population.
#YonhapInfomax
#LongevityRisk #HanwhaLifeInsurance #DeathBenefitSecuritization #RetirementAssets #FinancialServicesCommission
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=88462

With increased #lifeexpectancy #retirees are facing the challenge of #longevityrisk – the risk of outliving their money. In my latest #moneyarchitectfinancialplanning blog post, I explore some of the nuances of this risk and suggest some responses. https://moneyarchitect.ca/protecting-retirees-against-longevity-risk/