Longevity risk is the risk that individuals outlive their savings or the resources available to support them. Synonyms for longevity risk are pension risk, retirement risk, and aging risk. Pension risk pertains to the risk that the pension fund may not have enough funds to meet the retirement obligations of the pensioners. Retirement risk refers to the possibility of running out of money in retirement. Aging risk, on the other hand, encompasses the risk associated with growing old, such as health, social, and financial risks. These synonyms are crucial in the financial industry, as they help identify potential risks and develop strategies to mitigate them.