AIG Exec Talks About Longevity And Retirement
April 24, 2019 by Associated Press
Kevin Hogan is chief executive of insurer AIG’s Life & Retirement division, where he oversees the firm’s individual retirement, life insurance business and more. He recently spoke with The Associated Press about longevity, financial anxiety and other issues surrounding retirement in the U.S.
The conversation was edited for length and clarity.
Q. AIG recently conducted a survey of more than 1,000 people — all over 40 — and found that more than half of them wanted to live to be 100. Did that surprise you?
A. You know, it sort of did in a way but also, I was optimistic about that result. I think it’s a reflection of the improvements in health care and lifestyle and awareness. But it also didn’t necessarily surprise me because there’s been such a growing momentum in recognizing the implications of increased longevity and what people can do earlier in life to prepare for that.