The downturn in the equity and credit markets has sparked
a strong interest in alternative asset classes. Longevity-linked
assets represent a compelling option because their performance
is related to long-term longevity and mortality rates, which are
largely insulated from traditional market fluctuations.

What is longevity/mortality risk?
Longevity risk is the risk that a group of individuals will live longer than expected.
• Typical holders: annuity writers and pension funds.
Mortality risk is the risk that a group of individuals will live shorter than expected.
• Typical holders: life insurance companies.

Asset Profile
Longevity-linked assets offer exposures to longevity and mortality risk through
investment in both physical and derivative forms. Asset characteristics can include:
• Largely uncorrelated performance relative to traditional markets.
• Relatively low volatility.
• Part of a diversified allocation.