Your Clients Are Likely Underestimating Their Lifespan By 5 Years

July 20, 2021 by Steven A. Morelli

If advisors and clients are looking at the average American lifespan as a yardstick for their retirement planning, they are most likely going to need a bigger stick.

That’s because Americans are underestimating their longevity by five years on average, according to a Capital Group blog post.

The underestimate owes much to the way people look at longevity statistics, which is to look at the aggregate. 

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Originally Posted at InsuranceNewsNet on July 20, 2021 by Steven A. Morelli.