Insurance Company

AXA Equitable Life Insurance Company has been an innovator in the variable annuity industry. The company was a pioneer in the area of guaranteed living benefits with the launch of the first guaranteed minimum income benefit . AXA has recently launched a new variable annuity product named "Retirement Cornerstone." Retirement Cornerstone features a "dual account platform" that provides the potential for long-term asset accumulation and growth as well as downside protection through a guaranteed...

A survey of UK-based pension plan sponsors indicates that 40 percent expect longevity derivatives --such as longevity swaps--to play a strong role in mitigating longevity risk . UK defined benefit pension plan sponsors are seeking solutions that will allow them to off-load the risk that their pension plan participants live longer than expected. Use of derivatives to address longevity risk and other pension funding related issues serves as an alternative to other solutions such as a full pension...