期刊Journal of Risk and Insurance2025年92卷第3期目录及摘要｜保险学术前沿

Retirement Planning - Long-term income risk influences optimal asset allocation and retirement timing, with a positive correlation between retirement wealth and chosen retirement age [2][7] - Many older individuals regret not purchasing longevity protection or long-term care insurance, particularly among women, Black individuals, and less affluent seniors [2][16] - Research indicates that retirees with low public pension levels should allocate at least 30% of their retirement wealth to life annuities, while those with average pensions should allocate at least 30% to critical illness insurance [18] Pension and Annuity Plans - Defined benefit pension plans transitioning from funded to underfunded status often increase their expected return assumptions to reduce expenses, with a funding deterioration leading to an increase in expected returns by 28-79 basis points [9][10] - Target-date registered index-linked annuities (TD-RILAs) are proposed as a cost-effective alternative to target-date funds, providing decreasing equity exposure over time [11][12] Long-term Care Insurance - Housing wealth can be utilized to finance long-term care insurance through mechanisms like reverse mortgages and home reversion, with demand for LTC insurance increasing significantly when housing liquidity is available [4][14] - Survey results show that individuals are willing to allocate 15.7% of their total wealth to LTC insurance when using savings and reverse mortgages, compared to 12.8% with home reversion, and only 5.2% when relying solely on savings [4][14] Financial Regret and Awareness - Financial regret among older Americans is prevalent, with many expressing remorse over not securing longevity insurance or retiring too early, particularly when informed about survival probabilities [16][17] Demand for Insurance Products - The demand for life annuities, critical illness insurance, and long-term care insurance varies based on public pension levels, with specific recommendations for wealth allocation based on economic profiles [18]