Do You Know Your Longevity Odds?
Do your financial resources give you enough road, or will your financial road run out before you do?
Actuaries Longevity Illustrator is a tool developed by the American Academy of Actuaries and the Society of Actuaries, designed to provide you with perspectives on your longevity.
Here are the odds of a 58 year old, non-smoker in Average health reaching certain ages, according to the Society of Actuaries Longevity Illustrator
| Age | Male Odds | Female Odds |
|---|---|---|
| 65 | 100% | 100% |
| 70 | 94% | 96% |
| 75 | 86% | 91% |
| 80 | 74% | 82% |
| 85 | 57% | 68% |
| 90 | 35% | 47% |
| 95 | 15% | 7% |
| 100 | 3% | 1% |
Resource: The Actuaries Longevity Illustrator Has a New Look and Feel (yahoo.com) June 25, 2024
Statistics in the study are based on sex at birth.
Your Guaranteed Income Bucket | Fill it Up, or Shore it Up
A structured settlement annuity is a fundamental option in personal injury settlement planning because it offers guaranteed income for life or for a specified period. This income can be further enhanced with guaranteed lump-sum payments or market-based cash flows.
A structured settlement annuity helps mitigate the risk of outliving your savings, no matter how long you live.
The amount you receive can be customized and is guaranteed from a well capitalized life insurance company. You can have one or more payment streams and types of structured settlement payment streams.
With a structured settlement annuity your income is locked in regardless of the ups and downs of the financial markets, By allocating part of your settlement help cover future living expenses through monthly income checks or electronic deposits, it may make it easier for you to stay on budget, and helps to ensure you you have money for basic needs, and depending on the size of settlement, r whatever lifestyle amount you need.
Society of Actuaries
With roots dating back to 1889, the Society of Actuaries (SOA) is the world’s largest actuarial professional organization with more than 30,000 actuaries as members. Through research and education, the SOA’s mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal challenges. The SOA’s vision is for actuaries to be the leading professionals in the measurement and management of risk. www.soa.org
American Academy of Actuaries
The American Academy of Actuaries is an 19,500-member professional association whose mission is to serve the public and the U.S. actuarial profession. For more than 50 years, the Academy has assisted public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries in the United States. For more information, please visit www.actuary.org.
Last updated July 28, 2025
