Trendspotter: Uncertainty About Mortality Will Rattle Life, Health and Pension Sector

June 15, 2021 by Allison Bell

The Trend:

Life insurers will have to prepare for the possibility that the life span of life insurance policyholders, annuity holders and pension plan participants could fall.

The Driver:

U.S. life expectancy at birth increased, or at least stayed the same, almost every year from 1943 through 2014.

Insurers, actuaries and personal financial advisors have acted on the assumption that the key risk most family breadwinners and retirement savers face is longevity risk — the risk that retirees will live longer than expected and use up their assets.

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Originally Posted at ThinkAdvisor on June 8, 2021 by Allison Bell.