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Life Insurance: Stats and Facts
September 2014
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
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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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
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+
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
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
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)
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)
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
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
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
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
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
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