Half of pre-retirees underestimate life expectancy
The SOA says that retirees and pre-retirees are considerably underestimating their life expectancies, which will have a huge impact on longevity planning.
By Warren S. Hersch|August 06, 2012 at 07:53 AM
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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.
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