In November 2004, the European Investment Bank (EIB), working with the private bank BNP Paribas, announced that it would issue the world’s first long-term longevity bond. The bonds, with a maturity of 25 years, pay out an annual sum of £50 million multiplied by the percentage of the English and Welsh male population aged 65 in 2003 that is still alive in a given year (subject to a slight data lag).
幸运的是，金融市场正开始分析长寿风险。2004年11月，欧洲投资银行（EIB）和私人银行法国巴黎银行一起宣布，他们将合作发行世界首张长期寿命债券。该债券以25年为期，每年根据2003年英国和威尔士65岁男性在此后规定年份仍在人世的人数百分比（数据会有轻微滞后）乘以五千万英镑的数量发放金额。例如，如果有80%的男人在债券发行十年后依然在人世，债券就要付出四千万英镑。如果只有40%的男人二十年后依然活着，债券将付出二千万英镑。