Fun Fact: Life Expectancy vs. Health Expectancy
by Keith Eig
We want to share this fun fact with you as we continue to celebrate Long-Term Care Awareness Month.
It should come as no surprise that life expectancies have increased. In 1900, the life expectancy was 50 years. In 2014, life expectancy is now 80 years. That's a 60% increase!
It should also come as no surprise that health expectancy has risen. Health expectancy is the number of years that you are expected to require health assistance and will accumulate medical expenses.
From 1900 to 2014, health expectancy has increased from 2 years to 15 years. That is a 750% increase!
An important part of any financial/retirement plan is being prepared to handle a long-term illness. At GWE, we can show you options to address this concern.