Recently, I came across a quote by Eric Hoffer: "The best part of the art of living is to know how to grow old gracefully". I asked myself, what "grow old gracefully" means to me. The thought that struck my mind was "live an independent life as long as possible". While I know that I will take care of my loved ones once they get old and need help, my situation will be very different: I don't have children who would look after me. Moreover, just the thought of thinking to be dependent on someone is disturbing to me since I have always been a very independent person.
But how to prepare for the times when age becomes an obstacle in everyday life? It goes without saying that living a healthy lifestyle is key. Nevertheless, some aspects of our daily routines might be a challenge once we are old. Our body cannot excel the way we were able to handle when younger and agility will deteriorate, eventually. Therefore, we need solutions to help living an independent live as long as possible.
Around the same time when thinking about solutions for independent living, it just happened that I learned about the Swiss Re Foundation Resilience Award. It recognizes entrepreneurial initiatives that take innovative approaches to building resilient societies and realizing the United Nations Sustainable Development Goals. But while resilience is the core theme of the annual award program – and here is what made me very happy to hear – the 2016 award focuses on innovative solutions that enable the elderly to live independently at home. What a coincidence!
Moreover, the award program involves a financial grant from the Swiss Re Foundation and, depending on the initiative’s nature, scope and needs, non-financial contributions from Swiss Re employees such as coaching and technical advice. Four finalists are invited to pitch their ventures and the total prize money of CHF 800 000 is divided among the winner (up to CHF 400'000) and the three runners-up. The application period ends on May 22, 2016.
I am excited about the Swiss Re Foundation Resilience Award and eager to follow the progress and it's outcome. Are you too?
Category: Funding longer lives: Long-term care, Longevity risk, Pension/retirement
Location: New York, NY, United States