Death Clock, an artificial intelligence-powered app, is the new talk of the town for its ability to predict users' life expectancy based on lifestyle habits. The popularity of the app reportedly keeps increasing with over 125,000 downloads so far since its launch in July. Death Clock is gearing for a level-up after financial professionals and economists have decided to give it a try, reports said.
How Death Clock app works and what's the buzz?
Developed by Brent Franson, Death Clock uses a vast dataset of over 1,200 life expectancy studies and 53 million participants to provide personalized predictions to users. The app takes into account factors such as diet, exercise, stress levels, and sleep patterns to estimate a user's likely date of death, Bloomberg said in a report.
Initially, Death Clock found takers among healthcare and body-building enthusiasts who are always on the lookout for ways to make healthier lifestyle decisions. They use the app as a compass to guide them to live a healthier life.
However, Brent Franson claims the results provided by the app's AI to be "pretty significant" improvement on the standard life-table expectations.
Death Clock can ensure veterans' got retirement savings?
But why professionals from the finance sector are attracted by the Death Clock app? Because life expectancy is a factor that is critical to financial systems. Franson told Bloomberg that the algorithms produced by its app can deliver "a more tailored measure" regarding the life expectancy of people. The mobile app’s approach has already sparked interest in academic and economic circles, MSN claimed.
Death Clock’s AI skips the averages and tailors predictions based on your unique inputs, another report pointed out. Since life expectancy is a principal parameter to all financial and economic calculations like retirement income needs, policy coverage at life insurance and pension funds, and financial planning, Death Clock can be an asset to governments, companies and individuals. A person with a better understanding of how long he is likely to live after retirement can plan better for his final years, the report said. With better planning, the chances of a senior citizen getting caught off guard by financial woes further diminish.
Decisions such as how much to save and how fast to withdraw assets are often based on broad-brush and unreliable averages for life expectancy. AI-driven tests that can potentially reduce that uncertainty are largely unheard of now, the report said.
The app reportedly charges US users $40 a year. However, THE WEEK couldn't find the app on Google Play Store.
