Life expectancy is a single number, and its usefulness is limited. It is the number of years that people your age and gender might expect to live on average. Although a few people will live to their exact life expectancy, most people will live either a shorter or longer period of time, and it could be much shorter or longer. There is a significant financial risk involved in living longer, especially if your primary source of retirement income is your savings. Therefore, it is very risky to rely on the life expectancy number when planning your retirement.

The Actuaries Longevity Illustrator estimates the chances that you will live for various lengths of time. And for couples, it also shows the likelihood that one of you will outlive the other. All of this information is important when planning a secure retirement.

The Actuaries Longevity Illustrator tool will help you understand the possibilities for how long you might live. If you plan for living only as long as your life expectancy, you may outlive your financial resources because there is a significant chance that you will live longer than that. If you plan for living to age 110, you may find yourself without adequate income during retirement.

This tool is intended to help you understand your longevity risk as you consider your options for a secure retirement. This tool does not consider financial aspects of your retirement planning.

While the ALI provides a reasonable approximation, you or your spouse/partner’s actual lifetime can differ significantly from these estimates, either above or below. The ALI is not designed to address your finances; this includes your investments, your earning potential, and your anticipated expenses.

In addition to those considered in the Actuaries Longevity Illustrator (ALI), longevity depends on many factors. These include: availability and access to health care, current medical conditions, exposure to environmental toxins, family history, geography, income, lifestyle and occupation. While these all affect longevity, many of them are reflected in your health status. The four factors chosen for the ALI (age, gender, smoking and health) have been shown to account for a significant amount of the individual variations in longevity. While these four pieces of information have been shown to produce reasonable approximations of an individual’s longevity, you or your spouse/partner’s actual lifetime can differ significantly from these estimates, either above or below.

American Academy of Actuaries and Society of Actuaries, Actuaries Longevity Illustrator, www.longevityillustrator.org/, (accessed Month DD, YYYY).

By using the American Academy of Actuaries and Society of Actuaries Research Institute Longevity Illustrator (“Tool”), as defined below, you agree to these Terms and Conditions of Use (“Terms of Use”).

  1. DEFINITIONS
    The “Tool” shall mean the calculator of probabilities of longevity and all accompanying graphs, tables and text provided by the American Academy of Actuaries (the “Academy”) and Society of Actuaries Research Institute (“SOA”) designed to provide individuals with perspectives on their longevity to be used online and any upgrades from time to time and any other software or documentation which enables the use of the Tool.

  2. DATA PROTECTION
    The website hosting the Tool may collect aggregate information about you and your use of the Tool and website, and send that to the Academy and the SOA. The Academy and SOA may use this information to provide the services and improve our products and services in accordance with our Privacy Policy. The personal data provided to the Tool will not be collected, stored or used by the Academy or the SOA in any manner whatsoever. Your use of the Tool operates as your consent to these practices.

  3. PROPRIETARY RIGHTS AND LICENCE
    All trademarks, copyright, and other intellectual property rights of any nature in the Tool together with the underlying software code are owned either directly by the Academy and the SOA or by its licensors. The Academy and the SOA grant you a worldwide, non-exclusive, royalty-free, revocable license to use the Tool for personal and/or educational, non-commercial use only, in accordance with these Terms of Use, provided you identify the source of the material.

  4. CONDITIONS OF USE
    You will not, nor allow third parties on your behalf, to (i) make and distribute copies of the Tool; (ii) attempt to copy, reproduce, alter, modify, reverse engineer, disassemble, decompile, transfer, exchange or translate the Tool; (iii) create derivative works of the Tool of any kind whatsoever; (iv) use the Tool in any unlawful manner, for any unlawful purpose, or in any manner inconsistent with these Tool terms, or act fraudulently or maliciously for example by hacking into or inserting malicious code into the Tool or other operating systems; (v) or use the Tool in a way that could damage, disable, overburden, impair or compromise the Academy or the SOA, its systems or security or interfere with other users.

    The Tool is currently made available to you for your personal and/or educational, non-commercial use. The Academy and the SOA reserve the right at any time and for any reason, to (i) amend or withdraw the Tool, (ii) change the terms and conditions upon which the Tool is provided, (iii) charge for the Tool or service provided to you in accordance with these Tool terms, (iv) or, without notice, terminate or otherwise limit your access to the Tool in the event that we believe that you are in breach of or have failed to comply with any of the Tool terms.

  5. AVAILABILITY
    The SOA will use reasonable efforts to make the Tool available at all times. However, you acknowledge the Tool may be affected by factors outside of the SOA’s reasonable control and may be rendered unavailable during periods of maintenance. The SOA does not accept any responsibility whatsoever for unavailability of the Tool, or any difficulty or inability to download or access content or any other communication system failure which may result in the Tool being unavailable.

    The SOA will provide support and/or maintenance for the Tool. Support for Tool errors or defects is available by emailing customerservice@soa.org. The SOA will not be responsible for ensuring 100% availability of the Tool, and email support is only offered from 9:00 AM - 5:00 PM U.S. Central Time (Chicago).

  6. LIMITATION OF LIABILITY
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  7. DISCLAIMER OF WARRANTIES
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The Academy and the SOA disclaim all express and implied warranties with regard to the Tool. The Tool is provided "as is" and "as available". THE ACADEMY AND THE SOA EXPRESSLY DISCLAIM ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THE TOOL OR THE INFORMATION PRESENTED IN THE TOOL.

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