Each person is unique. To make the best of their longevity – the rest of their life – each person and their life partner need to understand their own longevity outlook well enough to make important decisions involving their finances, health and estate planning.
The life tables averages are often used for financial calculations. But at age 65 barely a quarter of people are likely to live to within three years of the average life expectancy of 86 for that age. Which means three-quarters are even further off the mark – and very few have an insight into whether they may be ‘average’ or not. There’s a better way.
Many factors influence personal longevity. These are reflected in the educational longevity questionnaire developed by My Longevity, enabling each person to frame and review their major life decisions. Outputs include their longevity stages and the key actions likely to influence them.
Along with their clients, advisers (health, financial and estate planning) are likely to benefit from this more complete mutual understanding, which strengthens trust and relationships.
Advisers or individuals preferring a direct approach can see how this can be achieved at this USA-based www.longevityestimator.org website using My Longevity know-how.
The technology behind these services has been developed by My Longevity through engagement with over 300,000 website participants.
Super funds are ideally placed to raise longevity awareness. Regular member contacts can be augmented with personal longevity awareness insights and support. Fund benefits include member retention and partner engagement, with no compliance issues. More insights for funds are available here.
Preventive health providers should also incorporate raising longevity awareness into their services starting here.