Blog Post

Structured Settlements and Longevity

John Darer • Jan 05, 2020

Do You Know Your Odds?

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 reaching certain ages, assuming living to a retirement at age 70 according to the Actuaries Longevity Illustrator

Age Odds
65    100%
70    100%
75     91%
80     77%
85     59%
90     38%
95     17%
100     6%

One of the reasons that a structured settlement annuity is a core personal injury settlement planning tool is because it can provide guaranteed income for life. A structured settlement annuity helps mitigate the risk of outliving your savings, no matter how long you live. The amount you receive each month is guaranteed from a well capitalized life insurance company.

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 or 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.




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