Live 120 years!

Insurers prepared to issue pensions to 120-year-old Britons

<url>In the UK, some insurance companies have started to prepare pension programs based on the expectation that the client can live up to 120-125 years.

This was stated by the head of the British Association of Insurers (ABI) Otto Thoresen in his speech (Insurance in the 21st Century: Our Social Purpose) at a conference with representatives of the association.

According to him, the increase in life expectancy is a threat to the future of the British economy, as the social and medical security systems will not be able to cope with the increased demand. Thoresen noted that now people live on average 30 years more than 100 years ago, and by 2100 centenarian pensioners will become the norm. As a result, the long life of some citizens can lead to infringement of the rights of others. Therefore, according to him, it is necessary to encourage people to save more money for retirement.

Thoresen proposed several points that, in his opinion, will help insurers convince citizens to transfer more funds to pension funds. This is reported by FTA dviser (Five steps to closing the UK's savings gap: ABI).

The head of the ABI believes that, first of all, the process of transferring payments should be clear to every member of the fund. It is also necessary to establish a process of communication with clients, as a result of which the latter will have a clear idea of how their pensions are formed. In addition, Thoresen urged companies to show flexibility and include in contracts the ability to adjust the conditions of accumulation in order to be able to withstand changes in the global economy.

In 2011, according to a study by the insurance company Scottish Widows, men in the UK saved 185 pounds a month (3.5 thousand dollars a year) for old age, and women – 95 pounds a month (1.8 thousand dollars a year).

Portal "Eternal youth" http://vechnayamolodost.ru07.11.2012