Can You Outlive Your Whole Life Insurance Policy? #shorts
In this brief YouTube short, Richard Canfield and a co‑speaker discuss the growing relevance of longevity risk in the context of whole‑life insurance. They note that people are living longer and not just longer, but healthier lives, which changes how insurers evaluate policies. The conversation highlights the idea of selecting an expected year of death as a planning tool, and how insurers approve policies based on the belief that the insured will live a long time. As the policy’s cash‑value grows, the net present value of the insurer’s future obligations increasingly approaches the guaranteed death benefit, raising the question of whether a policyholder can outlive the financial value of the policy.
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