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Agree Quote by Richard Thaler

“Most economists, including me, agree that longevity insurance would make sense for a lot of people.” quote by Richard Thaler
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“Most economists, including me, agree that longevity insurance would make sense for a lot of people.”

Richard Thaler

About This Quote

Source Speech: Interview on longevity insurance, 2020

Longevity insurance can protect people against the financial risk of living longer than expected.

In simple terms: Insurance for long life reduces financial risk.

Key Takeaway

Consider purchasing longevity insurance.

Themes

finance risk management aging healthcare policy

Mood

thoughtful analytical

Type

informative policy-oriented

When to use this quote

  • retirement planning
  • personal finance
  • elder care
  • government budgeting

Key Concepts

actuarial science longevity risk social security public policy

Questions to Reflect On

  • How does longevity insurance compare to traditional retirement savings?
  • What are the societal impacts of widespread longevity insurance?
A Different Perspective

Effectiveness depends on accurate life expectancy predictions.

3.9 out of 5 (6 ratings)

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