https://www.fox.temple.edu/sites/fox/files/documents/Cummins%20Conference%202022/RILA_Moenig_JRI_final.pdf
Registered index-linked annuities (RILAs) are increasingly popular equity-based re-tirement savings products o ered by U.S. life insurance companies. They combine features of xed-index annuities and traditional variable annuities (TVAs), o ering in-vestors equity exposure with downside protection in a tax-deferred setting. This article introduces RILAs to the academic literature by describing ...