Latest news with #InsuranceBarometerStudy
Yahoo
23-06-2025
- General
- Yahoo
Dad's $61k 'salary' shows just how undervalued parenting still is
How much is fatherhood worth? According to 2025 Father's Day Index, the average American dad performs nearly $61,000 worth of unpaid labor each year. That estimate is based on an analysis of 17 household tasks using U.S. Bureau of Labor Statistics wage data. This symbolic 'salary' includes common caregiving contributions: lawn care, homework help, cooking, tech support, and more. Each task is matched to a corresponding paid job title—like landscaper, cook, or IT manager—and calculated based on estimated hours worked per week. The index is designed to highlight the economic value of caregiving, often performed invisibly and without pay. In 2025, the value of that unpaid work rose by 5.2%—growing even faster than the average U.S. wage growth of 3.9% as reported in the June 2025 BLS jobs report. While $61,000 may sound significant, comparable Mother's Day Index valued moms' unpaid labor at more than $145,000 this year. Same methodology. Same data source. More than double the value. That stark gap tells a broader story: domestic labor in the U.S. remains deeply gendered. Even in households where dads contribute significantly, studies consistently show that moms still carry the bulk of the mental load, emotional labor, and day-to-day caregiving. And while dads often get praise for showing up, moms are expected to do it all—without recognition, let alone compensation. Related: How much is a mother's work worth? $140,315, study shows Though no one's cutting a paycheck for parenting, the Father's Day Index makes a critical point: if a caregiving parent were to suddenly be absent, replacing the full scope of their labor would be both emotionally and financially overwhelming. That's why life insurance matters. According to the Insurance Barometer Study, 63% of dads report having life insurance, but 40% say it's not enough. Cost is often cited as a barrier. Yet LIMRA data shows that most Americans overestimate the price of term life insurance—believing it costs 3x more than it actually does. For example, a $500,000 policy for a healthy 35-year-old might run less than $45/month, based on LIMRA's 2024 averages. That's a small price to pay for a safety net that reflects the true value of parenting labor. While many dads are underinsured, even fewer moms—especially stay-at-home mothers—have life insurance. That gap has real consequences. If something were to happen, the emotional toll would be immeasurable—and so would the financial one. Replacing the full range of caregiving, household management, and emotional support a mother provides would come at a steep cost. We need dads to keep stepping up. But we also need systems that catch up to the realities of modern caregiving. That means recognizing parenting as essential work and supporting it with real is work. It's time our systems caught up. The Father's Day Index helps shine a light on a bigger truth: most caregiving is still unpaid, unsupported, and under-recognized. Real recognition for caregiving would look like: Paid parental leave Affordable childcare Flexible work environments Financial and social recognition for all caregivers, regardless of gender Until then, we'll keep naming the value of this work—because visibility is the first step toward change. Parenting is essential labor, and it's time our systems treated it that way. Related: Managing caregiving and work isn't a woman's issue—it's a human issue Sources: Employment Situation Summary. U.S. Bureau of Labor Statistics. Employment Situation Summary. Mother's Day Index 2025. Mother's Day Index 2025: Mom's annual salary climbs 4%, now more than $145,000. Father's Day Index 2025. Father's Day Index 2025: Dad's salary jumps more than 5% to nearly $61,000. Consumers Overestimate Cost of Life Insurance. LIMRA. Consumers Overestimate Cost of Life Insurance By Nearly Three Times. U.S. Life Insurance Need Gap Grows in 2024. LIMRA. U.S. Life Insurance Need Gap Grows in 2024.
Yahoo
21-05-2025
- Business
- Yahoo
Neutrinos Selected by Prudential Financial Inc. to Help Expand Access to Life Insurance Products in the U.S.
New technology vendor agreement with Simplified Solutions organization of PFI's Individual Life Insurance business designed to reach U.S. mass middle market consumers NEW YORK and SINGAPORE , May 21, 2025 /PRNewswire/ -- Neutrinos announced today its latest technology vendor agreement, partnering to support the Simplified Solutions organization of U.S. based Prudential Financial Inc.'s (PFI) Individual Life Insurance business. Through this agreement, the Simplified Solutions team will leverage Neutrinos' AI-driven platform as an end-to-end digital experience for individuals and families to obtain life insurance solutions from Simplified Solutions' growing network of embedded U.S. distribution partners. "We're honored to support PFI Simplified Solutions in transforming and expanding how insurance offerings are distributed," said Ramya Babu, co-founder and president, U.S. Business at Neutrinos. "Our AI-powered automation platform enables touchless operations and intelligent servicing at scale, helping Prudential serve new customer segments with unmatched speed, efficiency, and personalization." Leveraging the Neutrinos platform allows Simplified Solutions to transform its digital ecosystem and provide streamlined buying experiences for customers affiliated with its network of embedded distribution partners. This is a key strategic step forward in Simplified Solutions' phased start-up approach for growth and long-term success. Currently, there are 102 million adults in the U.S. who believe that they lack or need more life insurance, according to the latest Insurance Barometer Study by LIMRA and Life Happens. Simplified Solutions is helping to close this insurance coverage gap by establishing embedded distribution partnerships that expand access for more individuals — particularly those who are not doing business within the traditional insurance space. The collaboration between Simplified Solutions and Neutrinos brings together next-generation solutions and a differentiated approach for reaching underserved markets with simpler, lower-cost life insurance products that are quick and easy to obtain. "At its core, this venture is about meeting customers where they are and providing opportunities to get insured in digital environments they already trust and use," added Babu. About Neutrinos: Neutrinos is the leading AI-powered intelligent automation platform purpose-built for the insurance industry. At the core of our offering is the industry's most advanced agentic AI composer and orchestrator, designed specifically to automate and optimize complex, end-to-end insurance processes. From underwriting and claims to distribution, our platform empowers insurers with deep domain expertise, intelligent automation, and pre-built accelerators to drive faster innovation, operational efficiency, and seamless omni-channel experiences. Learn more at Media Contact: pressrelation@ Logo - View original content to download multimedia: SOURCE Neutrinos Sign in to access your portfolio
Cision Canada
21-05-2025
- Business
- Cision Canada
Neutrinos Selected by Prudential Financial Inc. to Help Expand Access to Life Insurance Products in the U.S.
New technology vendor agreement with Simplified Solutions organization of PFI's Individual Life Insurance business designed to reach U.S. mass middle market consumers NEW YORK and SINGAPORE , May 21, 2025 /CNW/ -- Neutrinos announced today its latest technology vendor agreement, partnering to support the Simplified Solutions organization of U.S. based Prudential Financial Inc.'s (PFI) Individual Life Insurance business. Through this agreement, the Simplified Solutions team will leverage Neutrinos' AI-driven platform as an end-to-end digital experience for individuals and families to obtain life insurance solutions from Simplified Solutions' growing network of embedded U.S. distribution partners. "We're honored to support PFI Simplified Solutions in transforming and expanding how insurance offerings are distributed," said Ramya Babu, co-founder and president, U.S. Business at Neutrinos. "Our AI-powered automation platform enables touchless operations and intelligent servicing at scale, helping Prudential serve new customer segments with unmatched speed, efficiency, and personalization." Leveraging the Neutrinos platform allows Simplified Solutions to transform its digital ecosystem and provide streamlined buying experiences for customers affiliated with its network of embedded distribution partners. This is a key strategic step forward in Simplified Solutions' phased start-up approach for growth and long-term success. Currently, there are 102 million adults in the U.S. who believe that they lack or need more life insurance, according to the latest Insurance Barometer Study by LIMRA and Life Happens. Simplified Solutions is helping to close this insurance coverage gap by establishing embedded distribution partnerships that expand access for more individuals — particularly those who are not doing business within the traditional insurance space. The collaboration between Simplified Solutions and Neutrinos brings together next-generation solutions and a differentiated approach for reaching underserved markets with simpler, lower-cost life insurance products that are quick and easy to obtain. "At its core, this venture is about meeting customers where they are and providing opportunities to get insured in digital environments they already trust and use," added Babu.
Yahoo
21-05-2025
- Business
- Yahoo
Neutrinos Selected by Prudential Financial Inc. to Help Expand Access to Life Insurance Products in the U.S.
New technology vendor agreement with Simplified Solutions organization of PFI's Individual Life Insurance business designed to reach U.S. mass middle market consumers NEW YORK and SINGAPORE , May 21, 2025 /CNW/ -- Neutrinos announced today its latest technology vendor agreement, partnering to support the Simplified Solutions organization of U.S. based Prudential Financial Inc.'s (PFI) Individual Life Insurance business. Through this agreement, the Simplified Solutions team will leverage Neutrinos' AI-driven platform as an end-to-end digital experience for individuals and families to obtain life insurance solutions from Simplified Solutions' growing network of embedded U.S. distribution partners. "We're honored to support PFI Simplified Solutions in transforming and expanding how insurance offerings are distributed," said Ramya Babu, co-founder and president, U.S. Business at Neutrinos. "Our AI-powered automation platform enables touchless operations and intelligent servicing at scale, helping Prudential serve new customer segments with unmatched speed, efficiency, and personalization." Leveraging the Neutrinos platform allows Simplified Solutions to transform its digital ecosystem and provide streamlined buying experiences for customers affiliated with its network of embedded distribution partners. This is a key strategic step forward in Simplified Solutions' phased start-up approach for growth and long-term success. Currently, there are 102 million adults in the U.S. who believe that they lack or need more life insurance, according to the latest Insurance Barometer Study by LIMRA and Life Happens. Simplified Solutions is helping to close this insurance coverage gap by establishing embedded distribution partnerships that expand access for more individuals — particularly those who are not doing business within the traditional insurance space. The collaboration between Simplified Solutions and Neutrinos brings together next-generation solutions and a differentiated approach for reaching underserved markets with simpler, lower-cost life insurance products that are quick and easy to obtain. "At its core, this venture is about meeting customers where they are and providing opportunities to get insured in digital environments they already trust and use," added Babu. About Neutrinos: Neutrinos is the leading AI-powered intelligent automation platform purpose-built for the insurance industry. At the core of our offering is the industry's most advanced agentic AI composer and orchestrator, designed specifically to automate and optimize complex, end-to-end insurance processes. From underwriting and claims to distribution, our platform empowers insurers with deep domain expertise, intelligent automation, and pre-built accelerators to drive faster innovation, operational efficiency, and seamless omni-channel experiences. Learn more at Media Contact: pressrelation@ Logo - View original content to download multimedia: SOURCE Neutrinos View original content to download multimedia: Sign in to access your portfolio
