2023 ImpACT Conference - Session 9C: The Rise of Non-Medical Deaths and the Impact on the Insured Population 10.25.23 Recording

Deaths due to non-medical causes such as drug overdoses, alcohol-related deaths, homicides, suicides and accidents are the leading cause of death for those under the age of 50 in the U.S. and is the fourth leading cause of death (after cardiovascular, cancer and COVID-19) for all ages combined in 2021. Take a deep dive with us into the mortality trends for non-medical causes of death and the impact these deaths have on different types of life insurance, including simplified issued, fully underwritten and group. At the conclusion of this session, you will be able to: - Identify trends in non-medical causes of death and how they were impacted during the COVID-19 pandemic - Understand socioeconomic drivers of non-medical causes of death and how different types of life insurance are impacted by these trends - Apply learnings to the assumption setting and marketing process. TRACK: Assumptions and Experience Studies (Mortality, Longevity Improvements, Interest Rates, NGE, Etc.);Pricing/ Product Development (Underwriting, ULSG, Etc.)