5 Questions
What are some factors that can influence an individual's life expectancy?
Factors that can influence an individual's life expectancy include genetics, lifestyle choices (such as diet, exercise, and smoking), access to healthcare, socioeconomic status, and environmental factors.
Have you ever heard about annuity insurance? Do you have it in your country?
Annuity insurance is a financial product that provides a stream of payments to an individual during retirement. The availability of annuity insurance varies by country, with some countries offering it as a common option for retirement planning.
Why do people buy insurance instead of trying to protect themselves from risk on their own?
People buy insurance to transfer the risk of financial loss to an insurance company, which can provide protection against large, unpredictable expenses that they may not be able to cover on their own.
If you had a choice, what would you opt for: buy annuity insurance or leave money in your bank account and be your own insurance agent?
This choice depends on individual financial goals and risk tolerance. Annuity insurance provides a guaranteed stream of income in retirement, while being your own insurance agent allows for more control over the funds but also involves greater responsibility for managing retirement income.
Do you see eye to eye with the author that knowing at least approximately when you’re going to die will help you make much better decisions about earning, saving, and spending?
This is subjective and depends on personal beliefs and perspectives. Some individuals may agree that awareness of life expectancy can influence financial decisions, while others may prioritize other factors in their financial planning.
"Life Expectancy Calculator: Predict Your Lifespan" Discover the accuracy of life expectancy calculators and the factors that impact your lifespan. Explore whether lifestyle changes are necessary based on your predicted life expectancy.
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