Good news on life expectancy
19 October 2022
These are just average figures and unfortunately some of us will not reach the average but the figures are encouraging. (Not sure what the expectancy rates are when we reach 91!)
While the figures imply that most life insurance term insurance policies will not be exercised (which is great news because we are still alive) the other side of the coin is that we will need income for many years after retirement.
If you have not yet started a pension plan now is the best time to do something about it.
| Current age | Life expectancy Male | Life expectancy female |
| 50 | 39 | 41 |
| 55 | 34 | 36 |
| 60 | 29 | 31 |
| 65 | 24 | 25 |
| 70 | 19 | 20 |
| 75 | 15 | 16 |
| 80 | 11 | 11 |