| http://www.w3.org/ns/prov#value | - We further show that this result holds for annuities backed by risky assets as well as bonds, including variable annuities offered by private insurers such TIAA-CREF. All that is required is that consumers have no bequest motive and that annuities pay a rate of return for survivors greater than those of otherwise-matching conventional assets, net of administrative costs.
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