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Financial Fears of Living Past 85 |
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Today’s seniors and those currently planning for retirement
are facing an epidemic of unknown proportions.
As we grow older each year, so does the average life expectancy, thanks
to better medical care and standards of living throughout the US. Unfortunately, Americans are not properly
accounting for the extra expense of “living too long”.
Researchers say that someone aged 55 today has a 25 per cent chance of
living past the age of 85. Now-a-days people
plan to retire at a specific age and are ill-prepared for the potential of living
an “extended” life nor have the insurance to cover additional expenses as
needed. Today, more than one-fifth of the uninsured are 45–65 years of age, a
time in life when chronic illness becomes more prevalent.
Financial experts foresee that many seniors face a bleak future of financial
deprivation, unable to pay for even their basic needs associated with
increasing longevity. The cost of food, energy bills, medical expenses, in home
care, nursing homes and retirement communities are skyrocketing. Many seniors
throughout the US
already live in poverty and as they age and inflation rates soar, their
standard of living continues to plummet.
Longevity Quotes is a new company specifically dedicated to educate
and link those planning for retirement with financial solutions to help protect
people against the increasing likelihood of a longer lifespan. For more
information about Longevity Quotes and specifically, Longevity Annuities which
pay a guaranteed monthly income that you cannot outlive, visit www.longevityquotes.com.
Ready To Get Started? Have a Rep Contact You!
It takes just 30 seconds to see how affordable a longevity annuity can be to insure against outliving your retirement savings.
Payments can begin anytime after age 70. You Decide!
There are provisions for refund of premium paid in the event of death as well as loan provision prior to annuitization.
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