John Hancock CEO Unveils Longevity Preparedness Index at Annual Symposium

John Hancock CEO Brooks Tingle walked on stage wearing a dark suit jacket and custom Air Force 1 sneakers to open the company's third annual 'Longer. Healthier. Better' symposium for brokers earlier this month, Fortune reported.

Tingle, 60, discussed transforming the insurer into a partner for boosting health span, emphasizing actuarial data and probabilities. U.S. median age nears 40 and the percentage of Americans over 65 is projected to rise from 17% today to nearly one in four by 2050.

6 births below replacement level, according to data presented at the symposium. Americans over 55 control almost three-quarters of the nation's wealth, fueling growth in the global biohacking market, expected to more than double to $69 billion in the next four years. Entrepreneur Bryan Johnson predicts humans can achieve immortality by 2039.

Ken Dychtwald spoke at the conference, with remarks condensed for Fortune. ' Dychtwald highlighted the need for innovation in extended lifespans. Tingle partnered with Joe Coughlin, founder and director of the MIT AgeLab, to create the Longevity Preparedness Index.

The index measures readiness for aging against eight domains of strategies, including health, wealth, activities, social connections, care plans, community, accommodation, and life transitions. U.S. adults for the index yielded an average score of 60 out of 100.

Seventy percent of Americans are likely to need continuing care, yet scores were low in planning for it, Fortune reported. Coughlin, who created the AGNES (Age Gain Now Empathy System) suit to simulate aging, noted that accessible homes and social support influence both quality and length of life. Fortune’s Diane Brady, Coughlin, and Tingle participated in a conversation at the symposium.