Innovations and Trends in Annuities: Qualifying Longevity Annuity Contracts (QLACs)

This document is about QLACs, a type of deferred annuity that provides lifetime income starting at a later age, and provides an overview of the annuity market in the US, including sales trends, pricing, and information available in household surveys. It explains the different types of annuities and how QLACs differ from other longevity annuities, and presents illustrative QLAC pricing. It also suggests survey questions to gather more information on QLAC adoption.