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# What are the odds? | Insurance odds and statistics

#### Byella

Nov 12, 2022

The entire insurance business is a numbers game, based on the odds of something happening…or not happening. possibilities. statistics. tables. The average life expectancy for adults in the United States is currently 77.2 years. It is 74.4 for males and 79.8 for females. It also varies by race and other factors. In 1900, life expectancy was 47.3 years. Imagine having a midlife crisis at 23.5!

In this article we’ll take a quick look at the possibilities and, most importantly, what you can do now to improve it.

## What are the odds?

Q: Let’s start with an easy one, but most of us would rather not answer: What are the odds of you dying?

A 1 in 1. 100%. You know, this is all death and tax… inevitable.

Q: How does this compare to winning the lottery?

A: Your chances of winning big in the lottery are between 1 in 7 million and 1 in 80 million, depending on the game and the number of players. Translation: you little bit You are more likely to win the lottery than to live forever. But only slightly.

Q: What are the chances of you dying as a result of an accident or injury?

A. 1 in 23. This means that you are more likely to die of natural causes. Listed below are the possibilities of just a few of the many ways someone could die:

reason Prospect
heart disease 1 in 2.6
cancer 1 in 4
suicide 1 in 121
the kill 1 in 182
Car accident 1 in 247
death by fire/smoke 1 out of 1,116
Accidental drowning 1 of 1,126
motorcycle accident 1 of 1204
plane accident 1 of 4023
Drowning in the bathtub 1 of 11,469
lightning strike 1 out of 83,930
bee sting 1 of 85882
bus accident 1 of 99809
train accident 1 of 142.036
dog bite 1 out of 147,717
Snake bite 1 of 527561
fireworks accident 1 of 615488

Q: Does this mean that motorcycles are safer than cars?

A: Absolutely not! It just means that fewer people ride motorcycles than cars. Per mile, motorcyclists are 35 times more likely to die in an accident than people who ride in cars.

Q: What are the leading causes of death for all people in the United States?

a.

reason Prospect
My heart disease 29.0%
cancer 23.0%
brain attack 7.0%
respiratory system diseases 5.0%
Accident/injury 4.0%
diabetic 3.0%
flu 3.0%
Alzheimer’s disease 2.0%
kidney disease; 2.0%
infection 1.0%
suicide 1.0%
Liver disease 1.0%
the kill 0.8%
Hypertension 0.8%
Pneumonia 0.7%
all others 17.0%

Q: What about people between the ages of 15 and 24?

a.

reason Prospect
accident / injury 52%
the kill 21%
suicide 16%
cancer 7%
My heart disease 4%

This final set of numbers is a little annoying, but keep in mind that most young people don’t die. But those who do, are more likely to die of unnatural causes.

## How to improve your odds

Enough with the numbers! Here are some key things you can do now to improve your odds of living longer:

• If you smoke, stop smoking. Easier said than done, but keep in mind that 26% of smokers live to the age of 80 compared to 57% of non-smokers. Smokers are 50% more likely to die from smoking-related diseases than a car accident. The average lifespan of a smoker is 22.5 years less than the average lifespan of a non-smoker. You can get the picture.
• Don’t drink and drive. 50% of all car accidents involve alcohol.
• Take simple precautions to prevent injury: seat belts, helmets, airbags, etc.
• Follow healthy lifestyle habits: eat right, exercise regularly, brush, floss, wash hands, get enough sleep—all things your mom (and doctor) tells you to do.
• Seek out specialized primary care when needed.

The bottom line is, you will die at some point, but taking steps like these will improve both the quantity and quality of your life. This will give you a chance to see more sunrises, laugh more jokes, spend more time with loved ones – and buy more lottery tickets. Gotta love those odds.

References:
life expectancy rates

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