Monthly Life Annuity Benefits Decrease in the Longevity Era

SEOUL, April 13 (Korea Bizwire) — The value of life annuity benefits has decreased sharply over the past twenty years as the average lifespan increased. The age with a mortality rate of higher than 5 percent rose to 80 for men and 84 for women in 2019 from 73 and 78 in 2000, according to [...]