MyLifeScore is an advanced life-planning tool that looks beyond your age and projected lifespan to focus on the years you’re likely to spend in good health, your healthspan. Powered by AI-driven technology from Abacus Life and ABL Tech, it delivers personalized insights into your long-term wellbeing.
This proprietary metric blends biological, demographic, and social factors to generate a unique score, showing how you compare to others in your age group. Alongside this benchmark, you’ll receive tailored recommendations to help you improve your MyLifeScore.
By understanding your results, you gain the knowledge to make smarter financial plans and see how lifestyle changes today can shape your physical, mental, and financial future.
Why Did We Create MyLifeScore?
The root of why we created MyLifeScore was to shed light and provide a solution to an issue that many adults face—not properly preparing for their futures, whether it be financially, mentally, or physically.
We wanted to stress the importance of what it means to not only make the needed choices to live a long life, but a long life that is spent in good health—your healthspan.
Specifically, a large component that prompted the need for this proprietary metric was the urge to bridge the retirement gap. The World Economic Forum stated that the retirement gap between savings and average life expectancy for an average American retiree has risen to 8.3 years for men, and 10.9 years for women, who live longer than men. This effectively forces seniors to hold off on retirement while they continue building a portfolio or re-enter the workforce once they realize they will likely outpace their finances.
While global governments continue to operate primarily in the realm of fiscal theory, current retirees are forced to find solutions. For many, that means postponing their retirement, sometimes indefinitely, to make ends meet.
For others, it means making serious financial sacrifices and existing just above the poverty line. Neither of these solutions has proven to be particularly effective, as bankruptcy rates among Americans 65 years old and older grew nearly 204% from 1991 to 2016, according to SSRN. The financial stress that older generations are unfortunately experiencing is expected to increase as time goes on.
To aid this ongoing financial issue, Aging IQ has created MyLifeScore to help adults see their personalized results in order to best plan for their futures. Policy Value IQ is an essential tool in aiding this process, as it offers instant results for seniors’ life insurance policies that can be sold for cash to cover the expenses that come along with aging.
To get a free, instant estimate of your life insurance policy to help you plan your financial future, click here.
