I wish I could say I came up with that witty — and very much true — headline. But to be fair, the credit goes to one of our industry’s news and data arms: LIMRA Secure Retirement Institute.
In a recent news release, the research organization stated that a healthy individual should be prepared to cover costs into their mid-90s, “at minimum.” That’s a far cry from 1955 when the U.S. government statistics on average life expectancy was close to age 70. Should we really be surprised at this announcement, though?
We’re surrounded by seniors who are going faster, living longer and doing more. My own grandmother worked until she was 80 and was in better shape than me up until she fell ill and passed away at the ripe young age of 92.