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AXA employee still selling life insurance at 100

08/25/11

Properly insuring to plan for the long-term is one of the main reasons to purchase life and longevity insurance or annuities, and life insurance agent Theodore Krause is living proof - the 100 year old AXA Equitable employee is still selling life insurance policies, according to National Underwriter.

Krause, who swims frequently and lives with his wife, who is 101, has been selling life insurance since 1947. He works with clients daily, and AXA Equitable president Andrew McMahon notes that some current policy holders are the grandchildren of Krause's first clients.

As the average life expectancy in the United States continues to rise, some people are investing in longevity insurance or annuities to guarantee financial stability in their later years. While somewhat of a calculated risk, these options give holders peace of mind knowing that they will be able to support themselves if they happen to outlive pension or social security benefits.

Though participation in life insurance plans is on the rise, the recent economic downturn had a deleterious effect on the industry, and to date, only about one out of every three Americans has an individual life insurance policy, according to the Insurance Information Institute.
 

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