These are from company group life. Those are the, “You are covered for X times your salary” policies. There are almost zero restrictions or data collected on those people when they are added.
The demographics on these folks would be interesting.
The sociological changes over the past few years would be interesting to overlay. People are disconnected, depressed, and their entire routine has changed. Working people are not active any more. Working from home means personal care has changed. Some people are actually more active (daily ‘walkers’ have increased in my town, for example.).
18-64 is a huge range. I would love to see the CODs for 18-35, and 35-64. Behaviors are significantly different for those groups.
It will be years before the actuaries are done with this information. But you know that somewhere in the basement of Mass Mutual’s home office there are some nerds going, “holy sh!t!”.
You are correct this time. The change we have seen already is incredible and much of it is long lasting. I figure that in addition to the actuaries in the basement there are many other statisticians that are also saying, “hole crap! look at this!”
Loaf from home is changing productivity but only in respect to the old established standard. Soon that standard will be gone and the measure will be against the new yard stick; a lesser measure I think.
There will be knock-on effects to collaboration, creativity and problem solving. How iron sharpens iron will change; I expect for the worse.
Our social standards will change, they have already with the type of communication media we use, the loaf from home will make that change more profound.
The loaf from home, work anywhere you want that has an internet connection has already spread the urban economy to rural areas. The nation is quickly becoming homogenized, if only economically where the haves are concerned. The locals are not yet participating in the locale based increase in apparent compensation.
I see the seed catalogs with much of their product already sold out. I can’t recall having seen much of that before. It is indicative of another new way of living. Some of it is back to the past of simpler?
We are in for more shocking change. The move may not be wholesale from urban to remarkably change rural life but it is already apparent and becoming more so. I was once happy that most would not make the effort to live outside the urban environment and was happy so many clustered there leaving areas of less dense population. That is changing. We are becoming Europe with a high population density everywhere and higher in urban areas. Only designated sanctuaries will remain unspoiled. The East Coast and much of California had already become this way, now the rest of the nation will follow.
Actuaries are always playing catch up.