life insurance-awareness-month-facts

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Life Insurance: Stats and Facts September 2014

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This presentation includes facts and figures assembled by Gen Re for the U.S. Life insurance industry. The information has been assembled in honor of the Life Foundation's Life Insurance Awareness Month campaign (September 2014).

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Page 1: Life insurance-awareness-month-facts

Life Insurance: Stats and Facts

September 2014

Page 2: Life insurance-awareness-month-facts

Need for Life Insurance

States with the Highest and Lowest Age-Adjusted Death Rates, 2011

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 2

665.4 660.6 659.2 641.3 584.9

New York Connecticut Minnesota California Hawaii

956.1 953.2 933.6 910.9 910.3

Mississippi West

Virginia

Alabama Oklahoma Kentucky

Highest Lowest

Source: Centers for Disease Control and Prevention, National Center for Health Statistics, Deaths: Final Data for 2011,

released June 2014

U.S. Death Rate=741.3 per 100,000 U.S. population

Page 3: Life insurance-awareness-month-facts

Need for Life Insurance

Percentage of Adults 18 and Over with Selected Circulatory Diseases, 2012

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 3

Coronary Heart Disease1

Hypertension2 Stroke

Male 7.7% 25.6% 2.6%

Female 5.4% 25.4% 2.8%

18–44 0.9% 8.3% 0.6%

45–64 7.1% 33.6% 2.8%

65–74 16.2% 52.2% 6.3%

75 and older 25.7% 58.9% 10.7%

Source: Centers for Disease Control and Prevention, Vital and Health Statistics, February 2014;

Data calculated by Gen Re 1Includes coronary heart disease, angina pectoris, or heart attack 2Persons had to have been told on two or more different visits that they had hypertension or high

blood pressure to be classified as hypertensive

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Page 4: Life insurance-awareness-month-facts

Need for Life Insurance

Life Expectancy by Age and Gender, 2011

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 4

At Age Male Female

5 71.9 76.6

10 66.9 71.6

15 62.0 66.7

20 57.2 61.7

25 52.5 56.9

30 47.9 52.0

35 43.2 47.2

40 38.6 42.4

45 34.0 37.8

50 29.7 33.2

At Age Male Female

55 25.5 28.8

60 21.6 24.5

65 17.8 20.3

70 14.3 16.5

75 11.1 12.9

80 8.2 9.6

85 5.9 6.9

90 4.1 4.8

95 2.9 3.3

100 2.1 2.3

Source: Centers for Disease Control and Prevention, National Center for Health Statistics, Deaths: Final Data for 2011,

released June 2014

Page 5: Life insurance-awareness-month-facts

Need for Life Insurance

Prevalence of Diagnosed Diabetes by Age

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 5

Source: Centers for Disease Control and Prevention, National Health Interview Survey, 2013

2%

12%

22%

20%

0%

5%

10%

15%

20%

25%

1981 1986 1991 1996 2001 2006 2011

0–44 45–64 65–74 75+

Page 6: Life insurance-awareness-month-facts

Ten Leading Causes of Death, 2011

Total Number of Deaths for All Causes = 2,515,458

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 6

39,518

45,591

53,826

73,831

84,974

126,438

128,932

142,943

576,691

596,577

Suicide

Nephritis

Influenza and Pneumonia

Diabetes Mellitus

Alzheimer’s Disease

Unintentional Injury

Cerebrovascular Disease

Chronic Lower Respiratory Disease

Malignant Neoplasm (Cancer)

Heart Disease

Total number of deaths

for top ten = 1,869,321

(74% of all causes)

Source: Centers for Disease Control and Prevention, National Center for Health Statistics, Deaths: Final Data for 2011,

released June 2014

Page 7: Life insurance-awareness-month-facts

201.2 197.2

44.0 34.1

51.7

16.8

182.0 173.4

47.6 48.4 29.8 37.5

Heart

Disease

Malignant

Neoplasm

(Cancer)

Chronic Lower

Respiratory

Disease

Cerebrovascular

Disease

Unintentional

Injury

Alzheimer’s

Disease

Male Female

Death Rates by Gender

Death Rates per 100,000 U.S. Population for Selected Causes of Death for All Ages by Gender, 2011

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 7

185.1

Combined

191.5 27.3 40.6 45.9 41.4

Source: Centers for Disease Control and Prevention, National Center for Health Statistics, Deaths: Final Data for 2011,

released June 2014

Page 8: Life insurance-awareness-month-facts

Number of Fatal Work Injuries by State, 2013*

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 8

Source: Bureau of Labor Statistics, U.S. Department of Labor, 2014 (*Data for 2013 are preliminary)

Page 9: Life insurance-awareness-month-facts

Occupational Deaths

The Four Most Frequent Work-Related Fatal Events

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 9

991

699

503 397

0

300

600

900

1,200

1,500

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013*

Highway Incidents Falls Struck by Object or Equipment Homicides

Source: Bureau of Labor Statistics, U.S. Department of Labor, 2014 (*Data for 2013 are preliminary)

Page 10: Life insurance-awareness-month-facts

Establishment Characteristics Civilian Private Industry State & Local Gov’t.

Access Participation Access Participation Access Participation

Goods-Producing Industries 73% 71% 73% 71% -- --

Service-Providing Industries 58% 57% 54% 52% 79% 77%

Education & health services 68% 67% 62% 61% 79% 77%

Educational services 76% 74% 66% 66% 79% 77%

Elementary & secondary schools 76% 75% -- -- 78% 76%

Junior colleges, colleges &

universities 83% 80% 86% 86% 81% 77%

Health care & social assistance 63% 61% 61% 60% 81% 78%

Hospitals 87% 85% -- -- 90% 87%

Public administration 83% 81% -- -- 83% 81%

All workers 60% 59% 57% 55% 79% 78%

Market Potential for Life Insurance

Employee Access to and Participation in Life Insurance Benefits by Industry

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 10

Source: U.S. Bureau of Labor Statistics, National Compensation Survey, Employee Benefits in the United States—March 2014

Page 11: Life insurance-awareness-month-facts

40%

77%

35%

55%

70%

86%

39%

75%

34%

52%

68%

85%

1–99 100 or more 1–49 50–99 100–499 500 or more

Number of Employees

Access Participation

Market Potential for Life Insurance

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 11

Employee Access to and Participation in Life Insurance Benefits by Number of Employees (Private Industry)

Source: U.S. Bureau of Labor Statistics, National Compensation Survey, Employee Benefits in the United States—March 2014

Page 12: Life insurance-awareness-month-facts

56% 60% 61%

50% 55% 57% 59%

49%

Northeast South Midwest West

Access Participation

Market Potential for Life Insurance

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 12

Employee Access to and Participation in Life Insurance Benefits by Geographic Area (Private Industry)

Source: U.S. Bureau of Labor Statistics, National Compensation Survey, Employee Benefits in the United States—March 2014

Page 13: Life insurance-awareness-month-facts

72%

13%

86%

54%

71%

11%

84%

53%

Full-time Part-time Union Non-union

Access Participation

Market Potential for Life Insurance

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 13

Employee Access to and Participation in Life Insurance Benefits (Private Industry)

Source: U.S. Bureau of Labor Statistics, National Compensation Survey, Employee Benefits

in the United States—March 2014

Employment Status Bargaining Status

Page 14: Life insurance-awareness-month-facts

Proprietary Notice

The material contained in this presentation has been prepared

solely for informational purposes by Gen Re. The material is based

on sources believed to be reliable and/or from proprietary data

developed by Gen Re, but we do not represent as to its accuracy

or its completeness. The content of this presentation is intended to

provide a general guide to the subject matter. Specialist advice

should be sought about your specific circumstances.

Presentation for Life Insurance Awareness Month | September 2014 Proprietary and Confidential | © General Re Life Corporation 14

Page 15: Life insurance-awareness-month-facts

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