Deferred and Unpaid Life Insurance Premiums Held by the Top 1% (99th to 100th Wealth Percentiles)
WFRBLT01025 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,752.00
Year-over-Year Change
6.55%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the value of deferred and unpaid life insurance premiums held by the wealthiest 1% of U.S. households. It provides insights into the financial portfolios and risk management strategies of the country's top wealth percentile.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Deferred and Unpaid Life Insurance Premiums Held by the Top 1%' series tracks the outstanding value of life insurance premiums that have been deferred or left unpaid by the 99th to 100th wealth percentiles. This metric offers a window into the insurance and investment behaviors of the wealthiest Americans.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using household balance sheet information.
Historical Context
This trend is used by economists and policymakers to analyze the financial activities and risk profiles of high-net-worth individuals.
Key Facts
- The top 1% of U.S. households hold over $1 trillion in deferred life insurance premiums.
- Deferred premiums account for approximately 10% of total life insurance assets for the wealthiest Americans.
- The value of deferred premiums has grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of deferred and unpaid life insurance premiums held by the wealthiest 1% of U.S. households.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the insurance and investment behaviors of high-net-worth individuals, which is valuable for economists and policymakers analyzing the financial activities and risk profiles of the top wealth percentile.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using household balance sheet information.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the financial activities and risk profiles of high-net-worth individuals, which can inform decisions related to taxation, wealth distribution, and financial regulations.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve, with a typical 3-month delay. There may be limitations in fully capturing all deferred premiums across different insurance products and wealth portfolios.
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Citation
U.S. Federal Reserve, Deferred and Unpaid Life Insurance Premiums Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBLT01025), retrieved from FRED.