Do your financial resources give you enough road, or will the 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  (retrieved June 29, 2024)

MALE                FEMALE   (sex assigned at birth)

Age Odds         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

Fill or Shore Up Your Guaranteeed Income Bucket

One of the reasons that a structured settlement annuity is a core personal injury settlement planning option is because it can provide guaranteed income for life, or a fixed period certain.

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 June 30, 2024