CRITICAL ILLNESS: INTERESTING FACTS

CRITICAL ILLNESS: INTERESTING FACTS

Who’s buying CI?

  • Average age is 37

  • About equal sales between men and women

  • 92% of sales are to non-smokers

  • 11% of sales are to juveniles

    Source: Munich Re 2014 Individual Insurance Survey

      

    Buying patterns

  • Average annual premium is about $1,286†

  • Average size benefit amount is $82,000 †

  • Almost 90% of policies have 20 or more covered conditions*

  • 70% of sales have a return-of-premium feature

    † Source: Munich Re 2014 Individual Insurance survey      

    *Source: Munich Re 2011; by new business premium

      

    Key claims statistics

  • Cancer (68%)

  • Heart attack (13%)

  • Coronary artery bypass surgery (4%)

  • Stroke (4%)

  • Multiple Sclerosis (3%)

  • Other (8%)

    Source: Munich Re 2014 Individual Insurance Survey