longevityrisiko

Longevity risk refers to the financial risk that individuals may outlive their savings and income streams, particularly in the context of retirement planning. This risk is primarily driven by increasing life expectancies and the uncertainty surrounding how long a person will live. As people live longer, there is a greater chance that their accumulated assets, pensions, or other forms of income will be depleted before they pass away. This can lead to a decline in living standards in later life or reliance on state support.

Factors contributing to longevity risk include the unpredictable nature of individual lifespan, potential for inflation to erode the purchasing power of savings over time, and the possibility of unexpected healthcare costs. For individuals, it means a need for more careful financial planning to ensure sufficient funds for an extended retirement. For pension providers and insurance companies, it presents a challenge in accurately pricing annuities and other retirement products, as they must account for the possibility of paying out benefits for longer than initially anticipated. Governments also face this risk as an aging population places greater demands on social security systems and healthcare services. Managing longevity risk often involves strategies like conservative investment planning, purchasing annuities, or delaying retirement.