Retirement provision is the term we usually use to describe the financial provision we make to secure our standard of living in retirement. Financial provision for old age includes various measures aimed at saving income or assets to be financially secure in old age.

From health consumer to health investor

BIOCOACH applies this financial concept to our health: we don’t just want to be financially secure in old age, we want to enjoy the best possible health – for as long as possible! As we humans are much more familiar with the concept of financial retirement planning than making our health “age-proof”, BIOCOACH offers a 1:1 transfer: we show our users how they can apply individual aspects from the financial sector that have been proven to work to their health.

Let’s take a look at the key aspects of financial provision for old age and derive appropriate measures to maximize our longevity and healthspan – in other words, to live as long and healthy a life as possible:

Finance
Private pension insurance/pension funds/investment funds

Individuals make regular contributions over a certain period or invest part of their income to receive a lifelong pension or income in return when they retire. The key point is the regularity of manageable investments in the future.  The compound interest effect ensures a significant increase in assets here, far beyond selective individual investments.

Longevity 
Regular health activities

The lifelong pension in our case is called longevity, or maximum healthspan: as long as we live, and for as long as possible, we want to stay healthy and active. Regular contributions can take very different forms – the important thing is that they are made regularly, started as early as possible, and implemented consistently and continuously. The BIOCOACH subscription is such a health investment: with regular, manageable expenditure. Daily physical activities of all kinds, a well-thought-out diet, and attention to various sensible lifestyle factors ensure a daily dose of health with a compound interest effect: as our body renews itself daily through cell division and the aging process, including various age-related signs of wear and tear, is primarily due to errors in cell division, daily investment in longevity slows down the aging process and maximizes our healthspan.

Finance
A balanced portfolio

Financial retirement provision is a combination of several measures to build up a balanced portfolio and protect against various risks. In addition to the pension insurance policies, pension funds, and investment funds mentioned so far, this includes real estate, shares, and other private savings and financial investments. We all have different expectations of the future and start from different positions.

Longevity
It’s all in the mix

It’s the same with our health: our DNA, which is responsible for around 15-20% of our long-term health, makes us unique individuals. This is why the same health recipe does not apply to everyone – even if some pseudo-scientific advice suggests this. Each of us is entitled to an individual assessment of our health situation and corresponding recommendations on longevity and Healthspan. Starting with our BIOCOACH BC1 pilot phase, we are developing a longevity algorithm that will enable individual, personalized longevity recommendations. The longevity algorithm is modified during the BIOCOACH subscription in the same way that investment behavior within financial retirement planning should be adjusted over time: the longevity recommendations are dynamically adjusted depending on the biomarkers analyzed by regular diagnostics.

Finance
Unforeseen expenses 

In old age, unexpected expenses can arise, be it for medical treatment, the need for care or other emergencies. A solid retirement plan can help cover such costs without having to rely on support from family members or government assistance programs.

Longevity
Unforeseen accidents and illnesses

This is where the financial sector and our health are directly intertwined: the older we get, the weaker our immune system, our bone structure, our perception, etc. become. This regularly leads to accidents or illnesses that we could have easily avoided, remedied, or cured when we were younger, but which develop into serious problems as we get older. For people with a weak musculoskeletal system and bone structure, the result of minor falls can mean a lengthy stay in hospital with operations, which in turn further weaken their health. The same applies to our digestive system and our cardiovascular system – as we get older, we slow down. Prevention is therefore the means of choice: regular muscle training, a diet geared towards a healthy skeleton, and endurance training are indispensable components of a good longevity plan: in this way, unforeseen accidents or illnesses become less of a threat.

Old-age provision done right: From health consumer to health investor

Overall, adequate financial provision for old age and a good longevity plan is therefore crucial to ensure both financial security and longevity as well as maximum healthspan. If you envision a fulfilling, high-quality life as you age and are interested in a solid plan to maximize your healthspan and become a health investor instead of a health consumer, get on the waiting list for our BIOCOACH BC1 pilot phase!