Longevity

From Planipedia

Time is an essentially independent variable in planning and most planning conclusions are dependent on how well this variable is inserted into the dialogue and calculations. However, most planners skip over this issue. As a result, on average we can say that retirement plans which use normal Life Expectancy tables are at least 20% underestimating the client's potential longevity. This is a huge error. To get this right will require a different approach.

If issue of longevity has major impact not only on individual plans but on a social level as well.

Here is a link to the Australian Bureau of Statistics which dramatically shows the growth and age distribution of the Australian population from 1971 up to 2056. By using the slider along the date line you can show audiences the massive impact of longevity on eventual age distibution. This of course opens up many issues involving the social and other impacts of this change.

For a fascinating look at the impact of longevity and wealth at a global level take 4 minutes to watch this YouTube link Rosling: 200 Countries and 200 Years

Research

Check this link out for the research for financial planners on mortality and longevity.