Life
This month is dedicated to educating people about the importance of having Life Insurance to protect their loved ones financially
What is September
Every 7 seconds, someone in America files one of these that lasts at least 1 month
What is a Disability Claim
What percentage of Americans can expect to use some form of Long-Term Care
What is 70%
(7 in 10 Americans aged 65+ will experience some form of LTC in their remainning years)
The Mutual Life Insurance Company of New York was the orginal name of this mutual company founded in 1845
What is The New York Life Insurance Company
What factors affect life insurance premiums
What is Health and Age
The liklihood that a worker will file a Disability claim that lasts 1 year or more within the span of their working years is?
What is 1 in 4 (25% chance)
How many of the 6 activities of daily living must a person need assistance with before they are considered to be experiencing a long-term care event?
What is 2 of the 6
New York Life is a Mutual company which means it is owned by?
The Policyholders
What is the main difference between Term and Whole Life insurance policies
Term is Temporary, while Whole Life is Permanent
This is the most common reason a person files a disability claim?
What is Illness
(Approximately 90% of all disability claims are due to illness, not injury)
In what year will every Baby Boomer be 65 or older?
What is 2030
(States are considering state-based LTC programs because the total spending on LTC services is predicted to increase dramatically in the years ahead. States are projected to see significant growth in their Medicaid costs due to the age-wave that is expected to crest over the next two decades.)
New York Life has paid a dividend to its Policyholders every year since 1854, which makes New York Life the longest dividend paying company in
What is U.S. history
(as compared to every other company, across every other industry)
This non-profit organization chose New York Life as it exclusive partner to provide life and long-term care solutions to its members.
Who is AARP
(AARP is the Nations largest non-profit organization in America whose primary focus is to advocate for people 50+ and has over 38 million members across the country)
This is the average length of time that a long-term disability lasts in America.
What is 34.6 months
(that's nearly 3 years without a paycheck)
Which State was the first to implement a State-wide Long-Term Care program?
What is Washington state.
(WA Cares currently only provides up to $36,500 in lifetime coverage. The average lifetime cost of long-term care is $180,000 for one person.)
New York Life was ranked #__ on the 2023 Fortune 500?
What is #78
This type of life insurance policy is often referred to as a "buffer asset" because it combines death benefit coverage with a cash value component that can be accessed for various needs.
What is Whole Life
(A Whole Life insurance policy is considered a "buffer asset" becaue it is a fully liquid asset with zero risk, guaranteed cash value accumulation, tax deferred growth and access to the cash on a tax free basis through loans and withdrawls)
This percentage of consumer bankruptcies cites medically-related work loss as a contributing factor.
What is 44.3%
(Individual disability insurance can protect your income and reduce your risk of running out of money.)
What are the 6 Activities of Daily Living (ADLs)?
Activities of Daily Living (ADLs):Eating, Bathing, Dressing,Toileting, Transferring, Continence
The New York Life Home Office Building was built on top of what original New York City landmark in 1928?
What is Madison Square Garden
The New York Life Home Office Building was declared a National Historical Landmark in 1978