Turn to an actuary to determine when we will die? The Society of Actuaries’ (SOA) recently published their annual “Mortality Improvement Scale MP 2016,” study which finds Americans—including Millennials—are dying faster… our projected longevity is shorter than last year.

For example, the life expectancy for a 65-year-old is six months shorter than last year’s actuarial study. Younger Americans’ longevity has also been shortened this year. The 25-year-old woman that last year had a 50/50 chance of reaching 90 is projected to fall approximately six months short of the longevity estimate this year. A 25-year-old man’s longevity estimate dropped approximately nine months from last year.

The SOA’s study and data can be downloaded and read here.

A Bloomberg article which also discusses the study’s findings can be read here.

The SOA and the American Academy of Actuaries also offer an interesting longevity calculator that takes both your agent and health into account when calculating the probability of how long you (or a spouse/partner, if applicable) may live.
 

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