Almost of half retirees and pre-retirees in the U.S. underestimate average life expectancy, according to a new report.
The Society of Actuaries published this finding in a summary of results from its "2012 Risks and Process of Retirement Survey." This sixth biennial study, conducted on the SOA's behalf by Mathew Greenwald Associates and the Employment Benefit Research Institute, asked respondents about their views respecting longevity risk.
Approximately four in 10 respondents (43 percent of retirees and 38 percent of pre-retirees) underestimate average life expectancy by five year or more, the report reveals. Another two in 10 underestimate it by two to four years.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
