• p27/36 - Friedman and Warshawksy (1990) and Bernheim (1991) found that the bequest motive, coupled with the perception of actuarially unfair premiums, was a significant deterrent to annuitization.

2010 - SOA - Post-Retirement Financial Strategies from the Perspective of an Individual Who Is Approaching Retirement Age, by Arnold F. Shapiro - Society of Actuaries - 75p