Life Insurance: Stats and Facts

Life Insurance: Stats and Facts
September 2015

United States by the Numbers
Presentation for Life Insurance Awareness Month | September 2015 © General Re Life Corporation 2
$3,800
average American
family savings
account balance
$51,939
Median annual
household
income
$905
Median monthly
rent payment
$35,000
average amount
saved for
retirement
45.3
million
number of
persons below
poverty level
2.54
Average number
of persons per
household
65.1%
homeownership
rate
$268,900
median sales
price of
new home
Source: U.S. Census Bureau, Population Division, 2013 American Community Survey; Department of Housing and Urban
Development; Federal Reserve; Internal Revenue Service
Data for 2013

$796 $780 $790 $799 $808 $801
$872 $857 $870 $882 $895 $886
$722 $716 $715 $724 $730 $726
$500
$600
$700
$800
$900
$1,000
1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 2Q 2015
Total Male Female
Median Weekly Earnings
Employed Full-time, Wage and Salary Workers
Source: Bureau of Labor Statistics, U.S. Department of Labor, 2015

Amount of Readily-Available Emergency Savings
26%
No emergency
savings
24%
<3 months’
living expenses
17%
3 to 5 months’
expenses
23%
Enough to cover
≥6 months’
expenses
Source: Bankrate.com, Financial Security Index Survey, 2014 (Does not total 100% due to “don’t know/refused” responses)
The likelihood of having enough money to cover six months’ worth of expenses—the general rule of thumb for emergency
savings—goes up with consumers’ income. Still, even among consumers who make $75,000 a year or more,
fewer than half (46%) have enough to cover six months’ expenses or more.

Life Expectancy by Age and Gender
Data for 2013
At Age Male Female
5 72.0 76.7
10 67.1 71.7
15 62.1 66.8
20 57.3 61.8
25 52.6 57.0
30 48.0 52.1
35 43.3 47.3
40 38.7 42.6
45 34.1 37.9
50 29.7 33.3
At Age Male Female
55 25.6 28.9
60 21.7 24.6
65 17.9 20.5
70 14.4 16.6
75 11.2 12.9
80 8.3 9.7
85 5.9 7.0
90 4.1 4.8
95 2.8 3.3
100 2.0 2.3
Source: Centers for Disease Control and Prevention, National Center for Health Statistics, Deaths: Final Data for 2013,
released December 2014
U.S. Life Expectancy (Both Sexes): 78.8 Years

States With the Highest and Lowest Death Rates
Data for 2013; Age-Adjusted
651.0 649.3 646.3 630.1 590.8
Minnesota New York Connecticut California Hawaii
959.6 925.2 923.8 910.7 899.9
Mississippi Alabama West
Virginia
Oklahoma Kentucky
Highest Lowest
Source: Centers for Disease Control and Prevention, National Center for Health Statistics, Deaths: Final Data for 2013,
released December 2014
U.S. Death Rate=731.9 per 100,000 U.S. population

214.5
196.0
47.5
36.7
53.1
19.3
134.3 139.5
38.5 35.2 26.6
37.5
Heart
Disease
Malignant
Neoplasm
(Cancer)
Chronic Lower
Respiratory
Disease
Cerebrovascular
Disease
Unintentional
Injury
Alzheimer’s
Disease
Male Female
Death Rates by Gender
Age-Adjusted Death Rates per 100,000 U.S. Population for Selected Causes of Death by Gender, 2013
163.2
Combined
169.8 23.539.442.1 36.2
Source: Centers for Disease Control and Prevention, Health, United States, 2014

Ten Leading Causes of Death
Data for 2013; Total Number of Deaths for All Causes = 2,596,993
41,149
47,112
56,979
75,578
84,767
128,978
130,557
149,205
584,881
611,105
Intentional self-harm (suicide)
Nephritis, nephrotic syndrome and…
Influenza and Pneumonia
Diabetes
Alzheimer’s disease
Stroke (cerebrovascular diseases)
Accidents (unintentional injuries)
Chronic lower respiratory diseases
Cancer
Heart disease
Total number of deaths
for top ten = 1,910,311
(74% of all causes)
Source: Centers for Disease Control and Prevention, Health, United States, 2014

2Cause of
death rank:
1
2Number of
deaths:
611,105
2Deaths per
100,000
population:
193.3
1Number of
adults with
diagnosed
heart disease:
26.6 million
Heart Disease Facts
Source: Centers for Disease Control & Prevention, 1Summary Health Statistics for U.S. Adults: National Health Interview
Survey, 2012; 2Deaths: Final Data for 2013
• About 1 in 4 people die of
heart disease in the U.S.
every year.
• It’s the leading cause of
death for both men and
women.
• Coronary heart disease
(CHD) is the most common
type of heart disease.
• Every year about 735,000
Americans have a heart
attack.

Estimated Number of Cancer Deaths By State, 2015
Source: American Cancer Society. Cancer Facts & Figures 2015
HI
2,470
WA
12,700
OR
8,040
CA
58,180
NV
4,880
HI
2,470
MT
2,020
ID
2,790
UT
2,900
TX
38,520
NM
3,620
AZ
11,540
CO
7,590
ND
1,280
SD
1,630WY
1,000
NE
3,480
KS
5,510
OK
8,100
MN
9,820
IA
6,440
MO
12,830
WI
11,550 MI
20,920
IL
23,940
KY
10,200
AR
6,760
LA
9,040
TN 14,370
OH
25,400IN
13,420
NC 19,310
FL 43,050
GA
16,460
AL
10,560
MS
6,360
SC
10,130
ME
3,300
NY
34,600
PA
28,640
VA
14,830
WV
4,710
MA 12,710
RI 2,120
DE 2,010
MD 10,470
DC 990
NH
2,730VT
1,360
U.S. Total
589,430
NJ 16,250
CT 6,840
AK
1,040

Facts on Diabetes in the U.S.
Source: Centers for Disease Control and Prevention, National Diabetes Statistics Report: Estimates of Diabetes
and Its Burden in the United States, 2014
That’s about 1 out of every 11 people
29.1
MILLION
29.1 million
people have
diabetes
1 4OUT
OF
do not know they
have diabetes

Facts on Obesity and Diabetes
Age-adjusted Prevalence of Obesity and Diagnosed Diabetes Among U.S. Adults
Obesity
(BMI≥30kg/m2)
1994 2000
<14.0% 14.0%–17.9% 18.0%–21.9% 22.0%–25.9% ≥26.0%
2013
Diabetes
1994 2000
<4.5% 4.5%–5.9% 6.0%–7.4% 7.5%–8.9% ≥9.0%
2013
Source: CDC’s Division of Diabetes Translation. National Diabetes Surveillance System, 2014

Number of Fatal Work Injuries by State, 2013

Fatal Work Injuries by Gender, 2013
Source: Bureau of Labor Statistics, U.S. Department of Labor, Current Population Survey, Census of Fatal Occupational
Injuries, and U.S. Census Bureau, 2015
Males,
93%
Females,
7%
Fatal work injuries = 4,585
Males,
57%
Females,
43%
Hours worked =
268,127,180,000
A disproportionate share of fatal work injuries
involve men relative to their hours worked in 2013.

Occupational Deaths
The Four Most Frequent Work-Related Fatal Events
1,100
734
504
413
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

Life Insurance Ownership
Adult
Gen Y1
1981–1999
34%
57%
34%
Younger
Gen X
1973–1980
42%
62%
27%
Older
Gen X
1965–1972
49%
65%
23%
Younger
Boomers
1957–1964
50%
63%
24%
Older
Boomers
1949–1956
54%
51%
27%
Own individual life
Own group life
Do not own life insurance
Source: LIMRA, U.S. Consumers Today, The Generations, 2014 (Based on a survey of 6,015 consumers aged 25–64 years
with household incomes of $25,000–$149,999 who are the financial decision makers in their households) 1Only Gen Yers
who were born between 1981–1988 were surveyed

40%
77%
35%
55%
71%
86%
39%
75%
34%
53%
69%
85%
1–99 100 or more 1–49 50–99 100–499 500 or more
Number of Employees
Access Participation
Employee Access to and Participation in Life Insurance
By Number of Employees (Private Industry)
Source: U.S. Bureau of Labor Statistics, National Compensation Survey, Employee Benefits in the United States—March 2015

57% 59% 60%
50%
56% 57% 59%
49%
Northeast South Midwest West
By Geographic Area (Private Industry)

72%
13%
86%
54%
71%
11%
83%
53%
Full-time Part-time Union Non-union
By Employment Status and Bargaining Status (Private Industry)
Employment Status Bargaining Status

Establishment Characteristics Civilian Private Industry State & Local Gov’t.
Access Participation Access Participation Access Participation
Goods-Producing Industries 71% 70% 71% 70% -- --
Service-Providing Industries 58% 57% 54% 53% 80% 78%
Education & health services 69% 67% 63% 62% 79% 77%
Educational services 76% 74% 64% 64% 79% 77%
Elementary & secondary schools 76% 74% -- -- 78% 76%
Junior colleges, colleges &
universities
84% 81% 86% 85% 83% 79%
Health care & social assistance 64% 63% 62% 62% 80% 77%
Hospitals 88% 87% -- -- 89% 86%
Public administration 83% 81% -- -- 83% 81%
All workers 60% 59% 57% 56% 80% 78%
By Industry

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.

Life Insurance: Stats and Facts

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