Long-lived rivals: actuaries say Biden and Trump are not too old for office

Link: https://www.ft.com/content/ad3a97fc-6394-471b-95b6-a46576808f4a?accessToken=zwAF-p9xpktIkdOtOpf8Y5RHG9OVtqRldoCPSg.MEUCIDgGL7wEhhf0DcMprg_1VYV0TDGsyWYpn56E-cBhCGWoAiEA_YjdblG4oKzNoagG66jcPOhEtvtht7Du5gnihbZVDfU&sharetype=gift&token=82960010-bfb1-44e4-a677-de6e47ba5545

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Any predictions are by their nature uncertain, yet a longevity modelling firm has forecasted that both candidates are likely to live well beyond the end of the next presidency in 2029. According to Club Vita, actuarial data suggests both men could have more than another decade ahead of them.

The company, which offers analytical services to insurers, said its US model suggested Biden has a life expectancy of another 11 years, taking him to 91. Trump has 14 more years to look forward to, per the model, meaning he would die at 90.

The model’s inputs include affluence, marital status, and employment. These key demographics for both Biden and Trump put them in the same favourable categories for the main factors, including addresses in the top category for life expectancy: the analysts used Trump’s Palm Beach address and Biden’s Delaware home.

Erik Pickett, a New Jersey-based actuary for Club Vita, said a wide range of factors could prove its model wrong, from whether the candidates “are in significantly different health to the average of someone with the same characteristics” to the fact that presidents have “access to higher quality medical treatments” than the typical American.

Author(s): Ian Smith in London and David Crow in New York

Publication Date: 30 April 2023

Publication Site: FT.com