{"id":20376,"date":"2023-06-27T02:45:45","date_gmt":"2023-06-27T02:45:45","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2023\/06\/26\/the-longevity-gap-and-life-insurance-settlements\/"},"modified":"2023-06-27T02:45:45","modified_gmt":"2023-06-27T02:45:45","slug":"the-longevity-gap-and-life-insurance-settlements","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/06\/27\/the-longevity-gap-and-life-insurance-settlements\/","title":{"rendered":"The Longevity Gap and Life Insurance Settlements"},"content":{"rendered":"
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What You Need to Know<\/h3>\n
    \n
  • Biology seems to cause some of the difference.<\/li>\n
  • Societal pressure may also play a role.<\/li>\n
  • The gap affects how much investors will pay for in-force policies.<\/li>\n<\/ul>\n<\/div>\n

    Last year, we learned that the COVID-19 pandemic impacted the longevity tables used by life insurance companies to calculate rates.<\/p>\n

    However, an even more substantial development has been the widening longevity gap between men and women, which has recently reached its largest difference in 25 years.<\/p>\n

    This global phenomenon has significant implications for the life insurance industry, particularly regarding life insurance settlements.<\/p>\n

    In the United States, the average life expectancy for women is 79.1 years, while for men, it is 73.2 years, representing a nearly six-year difference.<\/p>\n

    This increasing gap has substantial implications for the financial planning industry.<\/p>\n

    With the gap between men\u2019s and women\u2019s life expectancy increasing, understanding the reasons behind this disparity becomes crucial.<\/p>\n

    Causes of the Longevity Gap<\/h2>\n

    Several factors contribute to the disparity in life expectancy between men and women.<\/p>\n

    First, men are more prone to certain health conditions that increase mortality rates.<\/p>\n

    For instance, men have a higher prevalence of diabetes and cancer-related deaths.<\/p>\n

    Furthermore, suicide rates are four times higher among men, and men account for 72% of motor vehicle crash deaths.<\/p>\n

    Biological and Cultural Factors<\/h2>\n

    Biological factors, such as hormonal differences, can influence men\u2019s vulnerability to certain illnesses.<\/p>\n

    Testosterone, a hormone more prevalent in men, has been associated with weakened immune responses and an increased risk of heart disease.<\/p>\n

    However, cultural factors also play a significant role.<\/p>\n

    Men often face societal pressure to suppress their emotions and avoid seeking help for mental health issues.<\/p>\n

    This cultural stigma can contribute to higher rates of depression and suicide among men.<\/p>\n

    Additionally, men tend to be less proactive in seeking preventive care compared to women.<\/p>\n

    They are less likely to undergo routine check-ups or screenings, delaying the diagnosis and treatment of potential health issues.<\/p>\n

    Cultural expectations, societal norms, and perceived invincibility can deter men from prioritizing their health until they reach middle age, often leading to delayed intervention and the accumulation of health problems.<\/p>\n","protected":false},"excerpt":{"rendered":"

    What You Need to Know Biology seems to cause some of the difference. Societal pressure may also play a role. The gap affects how much investors will pay for in-force policies. Last year, we...<\/p>\n","protected":false},"author":1,"featured_media":20377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2023\/06\/the-longevity-gap-and-life-insurance-settlements.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20376"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=20376"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/20377"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}