Special history about the Apollo 11 Astronauts & Life Insurance Mortality Table updates

Special history about the Apollo 11 Astronauts & Life Insurance Mortality Table updates

Life insurance companies are making updates to their products to align with the latest 2017 CSO Mortality Tables (CSO = Commissioners Standard Ordinary). The last major update to these tables was in 2001, and as people continue to live longer, the new data reflects these trends. But what do these changes mean for you? In today’s episode, we break down how these updates could affect new policy values and what you should know moving forward.

As a special treat, we’re also diving into some fascinating history about the Apollo 11 astronauts (timecode: 4min 37sec). As we celebrate the 50th anniversary of their remarkable Moon landing and safe return to Earth, it’s worth remembering how these heroes planned for their families in case they didn’t make it back.

Interestingly, these three astronauts—Buzz Aldrin, Neil Armstrong, and Michael Collins—couldn’t qualify for life insurance due to the high risks of their mission. They came up with a creative solution: signing souvenir covers for their families to sell if the worst happened. Their actions demonstrate the value of thinking ahead and ensuring loved ones are cared for, even in the most uncertain situations.

Key Takeaways:

• Updates to the 2017 CSO Mortality Tables reflect increased longevity and could impact new policy values.
• Life insurance remains a cornerstone of financial planning for families.
• The Apollo 11 astronauts found innovative ways to protect their families, even without access to traditional life insurance.

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