It’s been said that you’re only as good as the company you keep. In this case, we believe it’s true. It’s one of many reasons Transamerica is teaming up with non-profit academic leaders to change conversations around Wealth + Health.
We’re making significant strides — doubling some of our 2018 commitments, in fact — in proprietary thought leadership content, speakers, and tools. All designed for the benefit of our financial professional community, their clients, and our customers.
Our 2018 successes are fueling our 2019 vision of leading the charge to show how financial and physical wellness are undeniably linked. As lengthier lifespans increase the need for holistic retirement planning, it’s important to understand the monumental role healthcare costs will play in the future. A healthy, 65-year-old couple today can expect to face over $363,000 in healthcare costs during retirement.1
Research shows that the majority of clients welcome a discussion around their health, with 81% saying it would be very valuable for a financial professional to consider their health and potential healthcare expenses while building their financial strategy.2
These respected sources have joined us in our mission, and will be lending their knowledge and experience in a number of invaluable ways:
American Heart Association (AHA)
Cardiovascular disease is the nation’s costliest health issue.3 That’s why Transamerica is working with the American Heart Association to build awareness and raise money for the cause. Efforts in 2018 included AHA speakers at coaching forums, blog content, Transamerica title sponsorship at AHA’s Heart Walk® and CycleNationTM in select markets, and the Transamerica Saves campaign with Colorado Rapids goalkeeper Tim Howard, which raised $63,000 for the AHA. In 2019, look for more speakers, sponsorship, co-branding, and custom content.
Massachusetts Institute of Technology (MIT) AgeLab
The MIT AgeLab works to understand the challenges and opportunities of longevity, and provides supporting research and resources. In 2018, Transamerica collaborated with AgeLab Director Dr. Joseph Coughlin to create a multimedia experience on the concept of 8,000 days — roughly the amount of time individuals can expect to spend in retirement. In 2019, the MIT AgeLab will be creating a national panel on the financial and physical impacts of caregiving.
The AgingWell Hub
Co-founded by Georgetown University’s McDonough School of Business, The AgingWell Hub is a diverse group of organizations committed to making a difference for older Americans. In 2018, they provided valuable insight into the journey of a caregiver helping a parent who has Alzheimer’s disease. In 2019, Transamerica will be working with the Hub to create new ways to help individuals better understand the financial impact of caring for someone affected by dementia or cognitive decline.
We believe we’re stronger together as we continue to make the Wealth + Health connection, help people create the lives they and their families deserve, and show them how protecting their health can pay dividends for their future.
1 “2018 Retirement Healthcare Costs Data Report,” Healthview Services, 2018
2 Luntz Global Partners/Transamerica Wealth and Health Survey, 2016
3 “Top 10 Most Expensive Chronic Diseases for Healthcare Payers,” HealthPayerIntelligence, 2017.
Transamerica Resources, Inc. is an Aegon company and is affiliated with various companies which include, but are not limited to, insurance companies and broker dealers. Transamerica Resources, Inc. does not offer insurance products or securities. The information provided is for educational purposes only and should not be construed as insurance, securities, tax, legal or financial advice or guidance. Please consult your personal independent advisors for answers to your specific questions.