The speaker discusses the risks that life insurance companies bear with increasing life exepectancy due to better medical technology and more infomation. He indicates that there is a 3 to 5% increase in potential deficit of a pension fund for every year of increased life expectancy and this is causing planning pr
The life expectancy table provides a life expectancy factor which is used in the calculation of the SEPP, or substantially equal period payments for two of the three available distribution methods: