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May 16, 2007

Bet your life on it

In his The Pulse article The Uncertainty of Death and Taxes of May 16th, Anders Sandberg writes about the development of new financial instruments to handle the risks of drastically increased lifespans.

Mortality bonds, essentially bets on whether the death rate will rise, are now traded and help reduce the risks to insurers from pandemics. Longevity bonds, handling the risks of unexpected rises of life expectancy, are likely just a matter of time.

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Posted by Waldemar at May 16, 2007 01:55 PM