Male   Female
  • Longer life spans may yield larger profits
  • March 26, 2014
  • Longer life spans may yield larger profitsBy

    Life expectancy for Americans has been on the rise and is showing no signs of slowing down, as a result of medical advancements made during the last few decades.

    A person born today will live longer than any other generation. About two-thirds will live past 80 years old, and one-third past 90 years old, according to Slate.

    In addition, almost one in 10 girls born today will live past the age of 100.

    Because life expectancy is continuing to rise, life insurance companies are going to start collecting a substantial profit on the life insurance premiums of those people who will retire later in life, but will live considerably longer than the generations before them.

    This means insurers will get an extra several decades worth of premium payments.

    However, baby boomers, unsure of their ability to outlive their savings, are buying annuities, which pay a certain amount of interest over time.

    If this trend continues into the next 50 or 60 years, then insurers could be paying that interest for much longer than expected.

    A recent article in the Wall Street Journal said baby boomers should manage their life insurance intelligently, purchasing a lot in middle age and reducing the amount, as they grow older.

  • Category: Articles Library, Industry News, Life Insurance, More news

Leave a Reply



Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

Consumer Insurance Guide SM is owned by Life Quotes, Inc. 8205 South Cass Avenue, Darien, IL. For editorial, content feeds, advertising and lead purchase opportunities, contact Robert Bland at

Originally founded in 1984 as Quotesmith Corporation, Life Quotes, Inc. owns and operates and, two online consumer insurance information services that cater to the needs of self-directed personal and corporate insurance shoppers.

About Us  |   Contact Us  |   Press Releases  |   The Best Privacy Policy  |   Life Insurance  |   Careers
For Agents & Brokers  |   Site Map  |  

Copyright ©1984-2015 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.