194 – French reverse mortgage – Jeanne Calment

Posted by  Anecdote International —October 30, 2023
Filed in Anecdotes, Podcast

Jeanne Louise Calment lived to 122 years of age (a species record). Who would have thought such an age was achievable? How would you feel, betting against such a long life, and losing on the deal?

Shawn and Mark discuss how a business might use this story to illustrate the unexpected nature of planning, and the danger of ‘the sure thing’.

Welcome back to a new Anecdotally Speaking episode.

For your story bank

Tags: deal making, property, unexpected, old age, insurance, outliers, planning

This story starts at 01:48

In France, a stipend can be paid to an (elderly) home owner

Upon the death of the owner, ownership passes to the stipend payer

Andre Refrais made a deal like this with Jeanne Calment in 1965, who outlived him by 2 years and lived to 122 years of age

(R’s family continued to pay the stipend until J’s death)

This story is set in Arles, France (where Van Gogh spent part of his career)

J remembers supplying pencils to Van Gogh during her huge lifespan

A ‘sure bet’ isn’t always so predictable

About  Anecdote International

Anecdote International is a global training and consulting company, specialising in utilising storytelling to bring humanity back to the workforce. Anecdote is now unique in having a global network of over 60 partners in 28 countries, with their learning programs translated into 11 languages, and customers who incorporate these programs into their leadership and sales enablement activities.

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