Health & Life Insurance Actuaries | Lewis & Ellis Inc.

People are living longer these days, but are their long-term financial plans built to last?

by Our Team

Longevity and Life Insurance
Longevity and Life Insurance

The average person who turned sixty-five last year can expect to live forty percent longer than someone who did so in nineteen fifty.

And yet, there may not be much difference between modern retirement planning and the strategies seniors employed seventy years ago.

Many seniors are still planning to rely significantly on their Social Security payouts, more so than personal savings, retirement accounts or annuities.

The problem is that even as those strategies are being widely employed, nearly half of Americans say they are not at all confident in that approach.

Life insurance can be a great way to add some financial flexibility when it comes to long-term planning. Is your company ready to help consumers realize it?



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