RESEARCH, ANALYSIS, AND INSIGHTS ON ADDRESSING LONGEVITY RISK

Investors continue to rank running out of money in retirement high on their list of financial concerns. This possibility they will outlive their assets is known as longevity risk, a persistent retirement threat that warrants fresh attention, especially as developments in technology, medicine, healthcare, and other science-driven fields contribute to longer lives,1 potentially putting retirement finances at risk. This presentation will cover Jackson’s joint research on longevity risk2 conducted with the Center for Retirement Research at Boston College,* which polled financial professionals and investors on key aspects of this important topic. The goal is to support better retirement outcomes related to longevity risk while providing new information and identifying retirement planning gaps. The presentation will examine how retirement savers estimate their life expectancy and evaluate the risk of outliving their assets, among other retirement concerns. It also will share the steps financial professionals are taking to assess and manage clients’ longevity risk. Finally, the presentation will discuss the planning, product strategies, and resources financial professionals and investors are leveraging to help ensure a secure retirement. This intermediate-level presentation is intended for financial professionals who have a basic understanding of income planning, investments, and annuities.