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Coronation Life Assurance

11 Oct 2022 · Thought Leadership Articles

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The recent sad passing of Queen Elizabeth at age 96 illustrates the reality of longevity. Data from around the world indicates that the populations of most developed and even most developing countries are living longer. The upshot of this demo graphic shift is that, unlike 50years ago when ten years was considered a long retirement, retirement these days, can extend to 30 or 40years or even more. Longevity aside, securing an income and living comfortably into retirement has long been a challenge in Nigeria. The country’s volatile economy and poor savings and investment culture abounds with stories of exhausted retirement savings accounts and financially compromised lifestyles.

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