Suggested Results
The Unexpected Effects of Unpaid Caregiving
Any type of caregiving can be a financial, physical, and emotional burden for the caregiver. unpaid caregiving —helping someone on a regular basis with personal needs, household chores, managing finances, arranging for outside services, or running errands — can have profound and lasting effects.
COVID-19 Spurs Employer Interest in Providing Emergency Savings Account
Americans face myriad challenges due to the coronavirus pandemic. In addition to the obvious health risks, many Americans have experienced significant financial repercussions from the economic downturn as a result of the pandemic.
LIMRA: Helping Women Protect Their Families With Life Insurance
Women make up a significant market opportunity for the life insurance industry. According to the 2023 Insurance Barometer Study, 54 million women believe they need (or need more) life insurance, which represents 44% of both life insurance owners and non-owners. In general, women are less likely than men to own life insurance.
Helping Women Prioritize Life Insurance
According to LIMRA’s Insurance Barometer Study, in 2022, less than half of American women (46%) had life insurance coverage, seven points below the ownership rate of men (53%). This marks the sixth consecutive year of declines in the rate of women’s life insurance ownership.
A Conversation With Jason Dorsey
MarketFacts recently spoke with Jason Dorsey, as a follow-up to his engaging presentation — Crossing the Generational Divide — at the 2021 LIMRA Annual Conference.
Only 31 Percent of American Workers with Non-Mortgage Debt Save for Retirement Outside the Workplace
Consumer debt is at an all time high. As of the fourth quarter of 2017, the total household consumer debt reached $13.2 trillion.1 LIMRA finds most American workers – about 7 in 10 – currently hold some type of non
Secure Retirement Institute: Unpaid Caregivers Continue to Struggle With Retirement Security
Even before the COVID-19 pandemic, unpaid caregivers struggled with the demands of work and saving for the future. The pandemic brought on additional work/life disruptions with stay-at-home orders, school closures, and reduced ability to outsource caregiving. The challenges also affect workers’ future retirement security since retirement income is often dependent on one’s ability to work and, through that work, accumulate savings.
Life Insurers Have Significant Opportunity with the Hispanic Community
Despite 8 in 10 Hispanic consumers saying they believe they should own life insurance, only half actually have coverage, according to the 2021 Insurance Barometer Study. This market represents a growing opportunity for the life insurance industry. According to the U.S. Census Bureau, the Hispanic population has grown 23% over the past decade to 62.1 million, now accounting for 1 in 5 people in the U.S.