The 2004 EIB announcement of longevity bond issuance generated a wide interest and a lot of attention. However, the issue was later withdrawn without being issued; According to anecdotal evidence, this was mainly because the pension industry found the price of coverage on longevity risk too high, cf. Slide 15.
Other types of instruments for hedging longevity risk   Longevity bonds (EIB project, withdrawn)     Mortality linked derivatives     Based on mortality rates  Mortality linked securities     Based on survivor rates  Swiss Re and Scottish Re  Asset backed securities on basis of a pool of life insurance policies DANMARKS NATIONALBANK  8  15  BIS Review 152/2008  The largest hinder for development of longevity risk market is that the market lacks interested buyers of the risk.