27% of households want life insurance, but only 12% actually purchase!
According to a 2007 LIMRA report, 27 percent of households with an income of at least $75,000 said they would buy life insurance in the coming year.* However, past data shows us that only 12 percent of households actually purchased life insurance policies. Why didn’t the other 15 percent buy? Most likely because their agents didn’t call on them to inquire about purchasing insurance. When was the last time you asked your clients to buy? Or have you asked them if they know anyone you can help?
Increasing Use of Home Care in Long-Term Care Insurance Policies
The 2007 Society of Actuaries’ examination of claim experience from 1984-2004, under long-term care insurance policies, shows a significant change in the types of services received as compared with their 2002 report (claims experience 1984-2001). Nursing home only claims dropped from 80% of all claims in the 2002 report to 55% in the current one. Home care only claims increased from 15% in the earlier report to 26% in the current one, while claims with both nursing home and home care rose from 5% to 19% of all claims.
1984-2004 Long-Term Care Intercompany Study
Society of Actuaries
November 2007
http://www.soa.org/research/long-term-care/research-ltc-study-1984.aspx
Trends in Employer-Based Retirement Plans
The number of employment based defined benefit pension plans decreased from about 170,000 with approximately 29 million active participants in 1985 to about 47,000 plans with about 21 million active participants in 2003. Conversely, the number of defined contribution plans increased from over 460,000 with about 33 million active participants in 1985 to over 650,000 with approximately 52 million active participants in 2003.
Employer-Sponsored Health and Retirement Benefits; Efforts to Control Employer Costs and the Impact on Workers
GAOGAO –07-355
March 2007
http://www.gao.gov/new.items/d07355.pdf
Disability Rates Steadily Declining Among Older Americans
An analysis of data from the National Long Term Care Survey (NLTCNLTCNLTCS) revealed that the prevalence of chronic disability among Americans age 65+ decreased from 26.5% in 1982 to 19% in 2004/2005. Of note is the fact that the rate of decline in the prevalence of disability steadily accelerated over the course of the 22-year study period, going from a low of 0.6% in the years 1982-1984 to a high of 2.2% in the years 1999-2004/05.
Kenneth G. Manton, XiLiang Gu and Vicki L. Lamb
Changes in Chronic Disability from 1982 to 2004/2005 as Measured
by Long-Term Changes in Function and Health in the U.S. Elderly Population
Proceedings of the National Academy of Sciences (PNANAS)
November 28, 2006
http://www.pnas.org/cgi/reprint/103/48/18374
401(k) Options: Encouraging Increased Participation and Saving
Findings from Hewitt’s 2007 Trends and Experience in 401(k) Plans survey indicate that automatic enrollment is on the rise, with the percentage of respondents automatically enrolling employees in their 401(k) plan almost doubling since 2005, going from 19% to 34% in 2007. Additionally, employers offering an automatic contribution increase option went from 9% in 2005 to 35% in 2007.
Trends and Experience in 401(k) Plans 2007
Hewitt Associates LLCLLC
November 2007
http://www.hewittassociates.com/_MetaBasicCMAssetCache_/Assets/Articles/401kHI07.pdf
Friday, June 13th, 2008 10:02 am
Among workers age 65+, both men and women at all age breakdowns showed double digit growth in the percentage that were working full-time between 1994 and 2007. The percentage of working women 
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