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Planning to Live Forever? Better Plan

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Retirement planners and life settlement firms have been big users of life span calculators.

Now the American Association for Long Term Care Insurance (AALTCI), Westlake Village, Calif., is trying to make life span calculators a tool for countering one question consumers often raise when hearing a pitch for private long-term care insurance (LTCI).

Many ask whether they will really live long enough to need long-term care (LTC), and their guesses about how long they can expect to live are often 20 years lower than the estimates produced by standard life span calculators, according to AALTCI Executive Director Jesse Slome.

AALTCI is responding to the life expectancy awareness gap by adding links to life span calculators to its consumer information page.

Members of the Silent Generation are now ages 66 to 87, and the baby boomers are ages 47 to 66.

Many of those consumers can expect to live well into their 90s, and a significant number can expect to live past age 100, Slome says.

Meanwhile, Slome says, near retirees often have trouble imagining they will live many years past 67.


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