25 September 2019
In this video Mike Kreps, Groom Law Group, talks to Club Vita US’s CEO, Dan Reddy, to find out if longevity really is a risk in the USA?
Dan explains how the low interest rate environment amplifies the effect of people living extra years at the end of their lives, making longevity a bigger risk in the United States than in the past. He goes on to point out that it’s not only corporations’ pension promises that will be affected by longevity risk, but other obligations such as post-retirement health care as well.
Video
Is longevity really a risk in the United States?
In today’s low interest rate environment, we need to save up much more money today to cover possible extra payments in the future due to participants living longer than expected.
On our travels we get asked many interesting questions: Is longevity risk actually important? Have we reached the limit of life expectancy? Is Club Vita a night club / sports team / all-inclusive holiday company?
Here our team answer some of the more frequent questions we are asked. If you have more questions that we haven’t covered, please get in touch.