Whilst providers can use life expectancy to calculate the cost of life insurance and annuity rates, they are using a wide range of data to make calculations so that they can stay in business and provide the financial products you need and trust. However, when it comes to your personal investment and retirement planning you need to consider longevity, as there is a high chance you will live longer than average. It is better to plan to live a long life and leave a legacy if you die too soon than it is to plan to live to an average age and run out of money.

First published on May 18th, 2021

The information provided above is believed to be correct at the time of publication and is provided for information purposes only, it does not constitute advice. Any reference to interest rates or growth rates are examples only and are for illustrative purposes only. You should seek independent financial advice before making any decisions about your finances and financial products. We accept no liability for loss as a result of any action taken based on the information on this page where appropriate independent financial advice is not taken from Lakeside FS Ltd.