Glossary - Longevity risk

Description

Longevity risk is the risk that an individual lives longer than expected and outlives their financial resources. It is a key consideration in retirement planning, as longer life expectancy increases the need for sustainable income over an extended period.

Alternate Names

  • Life expectancy
  • Annuities
  • Drawdown
  • Inflation risk
  • Sequence of returns risk
  • Retirement income