Agree Quote by Richard Thaler
“Most economists, including me, agree that longevity insurance would make sense for a lot of people.”
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.
Consider purchasing longevity insurance.
Themes
Mood
Type
When to use this quote
- retirement planning
- personal finance
- elder care
- government budgeting
Key Concepts
Questions to Reflect On
- How does longevity insurance compare to traditional retirement savings?
- What are the societal impacts of widespread longevity insurance?
Effectiveness depends on accurate life expectancy predictions.