Description: Each calendar quarter, the Society of Actuaries (SOA) calls for essays that highlight practical applications of academic research published in the North American Actuarial Journal. This essay met the publication criteria of the judging committee. It outlines a practical application of “Hedging Longevity Risk: Does the Structure of the Financial Instrument Matter?”1 by Richard D. MacMinn and Nan Zhu. The essay is solely an expression of the views, opinions, and ideas of the essay author for applying the original research to actuarial work in industry.