John Hancock Launches Tool Scoring Longevity Preparedness Across Eight Domains
John Hancock launched a personalized longevity preparedness tool with MIT AgeLab that scores users across eight domains and found US adults average 60 out of 100 readiness. It aims to boost financial planning and engagement ahead of the 65+ population rising from 58 million to 82 million by 2050.
1. Tool Launch and Collaboration
John Hancock unveiled a personalized longevity preparedness tool developed with MIT AgeLab, offering consumers an interactive assessment that generates individual scores across eight critical domains.
2. Scoring Methodology and Findings
The tool assigns scores from 0 to 100 in domains such as health, finance, care, home, daily activities, community, life transitions and social connection, highlighting an average US adult preparedness score of 60.
3. Strategic and Market Implications
The assessment aims to deepen client engagement, support financial professionals in longevity planning and align with demographic trends of the 65+ population rising from 58 million to 82 million by 2050.