22 pages. Excerpt: Consumers attempting to incorporate mortality risks into their retirement strategy are often told to use life expectancy estimates, even though life expectancy is an inadequate and often inappropriate planning concept. Moreover, consumers are usually invited to use the same approach to post-retirement retirement planning as pre-retirement financial planning, which undermines the importance of mortality risk and the role of products such as income annuities[.] [WP2003-20]  MORE >>