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Joseph Lu - Director of Longevity Risk
Joseph Lu
Director of Longevity Risk

23 July 2013

Joseph Lu - Director of Longevity Risk
Joseph Lu
Director of Longevity Risk

Based on current UK population statistics from the Office for National Statistics, (ONS) it is estimated that the average life expectancy of a baby boy would be just over 79 years of age..... and for a baby girl to 83, born today.

When the Queen was born in 1926, the average life expectancy was just over 57 years of age for a baby boy and over 61 years for a baby girl. So there has been a significant improvement in life expectancy for both boys and girls of 22 years over the past 87 years.

Looking forward, with medical advancements and lifestyle changes, average life expectancy is estimated to improve even further. Around a third of babies born in the UK in 2012 are expected to survive to celebrate their 100th birthday.

For the Royal Baby life expectancy could be even longer. The more favourable the socio-economic circumstances, the greater the improvement there is in their life expectancy.  We’ve calculated that there is a 85% chance that the baby with live beyond the Queen’s current age of 87; a 75% chance of living beyond the Duke of Edinburgh’s current age of 92 and a 30 % chance of living beyond great great grandmother, Queen Elizabeth the Queen Mother’s age of 101.

Joseph Lu, Head of longevity risk at Legal & General said: “It is wonderful news that the Royal Baby will hopefully live a long and happy life. However, we estimate that less than a third of people, (32%) can expect to spend their retirement in good health. So lifestyle choices we make now have an increasingly important impact on how long we will need our pension income to last and whether we will be able to afford care, if we should be one of the two thirds that are in ill-health at retirement.”


For more information please contact:

Berni Ryan

Berni Ryan
PR Manager

t: +44 (0) 1737 375369
m: +44 (0) 7788 926790
e: berni.ryan@landg.com


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