According to the U.S. Department of Health and Human Services (HHS), more than half (52 percent) of Americans turning 65 today will develop a disability serious enough to require long-term care services. LIMRA research finds 52 percent of consumers say they personally feel they need long-term care coverage, but only 15 percent say they actually have it.
In the 2016 Insurance Barometer, nearly 6 in 10 consumers said paying for long term care services was a financial concern, for 10 percent it was their top concern.
w findings from the 2018 Insurance Barometer Study finds more Generation X (ages 38-53) consumers worry more about having a comfortable retirement and becoming disabled than Boomers.
What are consumers thinking? What financial concerns do they have, how important is insurance to them, and what impacts their purchase decisions?
Back in the 1700's English theologian Isaac Watts said "Learning to trust is one of life's most difficult tasks."
Disability Insurance Awareness Month – Only 20% of Consumers Own Disability Insurance Despite Almost Half Saying They Need It
According to LIMRA research, paying for basic living expenses if one becomes disabled is one of the top five financial concerns consumers have, but 8 in 10 consumers don’t own disability insurance.
LIMRA Survey: 7 in 10 of Employee Benefits Advisors Make Shocking (Not) Prediction of Negative Impact on Group Medical Insurance Sales due to ACA
Seventy-two percent of surveyed members of LIMRA's Employee Benefits Advisor Panel predict that health care reform will have a negative impact on sales of group medical insurance.
- Industry Trends
- Distribution Channels
- Full Service Broker-Dealer
- Independent Broker-Dealer
- Registered Investment Advisor (RIA/IAR)
- Agency Building
- Multiple Line Exclusive Agency (MLEA)
- Independent Agency/Brokerage
- Private Employers
- Public Employers
- Small Businesses
- Workplace Benefits
- Insurance Products
- Dental Insurance
- Disability Insurance
- Health Insurance
- Long-Term Care Insurance
- Medical Insurance
LIMRA Secure Retirement Institute finds consumers attitudes towards being in debt, even so called “good” debt, is negative during retirement.
In January 2015, LIMRA and LIFE Happens surveyed over 2,000 consumers for their financial concerns and behaviors and perceptions of insurance. Find out what’s on their minds…