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Health / Mortality Risk

You have two risks with health and mortality: the hope of living longer than your life expectancy and the possible fate of not living to your life expectancy. If you haven't properly planned for the consequences, both are problematic. Table 6-4 illustrates a variety of life expectancies for men and women. As you can see by the grouping, if you're a male between the ages of 35 and 75, you're likely to live into your mid-80s. If you're female in that age range, you're likely to live into your late 80s. As you plan your goals, you need to pick a target mortality for both, which is 81.4 years for people age 65. In other words, if you and your spouse are 65 today, your combined life expectancy is 81.4 years. But as the table illustrates, the longer you live, the more your life expectancy changes. If you're both alive at 75, your new joint life expectancy is 84.7 years.

Table 6-4. Male, Female, and Joint Life Expectancy
Life Expectancy
AgeMaleFemaleJoint[a]
3575.7780.2184.19
4576.6980.7985.66
5578.2481.886.19
6580.7583.687.28
7584.6286.5389.34


[a] Joint Life assumes both same age.


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