Life Insurance An Important Piece Of Investment Strategy, But Many Missing Out
American consumers still struggle with certain aspects of life insurance, though total premiums paid for individual policies set a record for the fourth consecutive year in 2024.
Life insurance premiums in the United States totaled $16.2 billion last year, according to financial services research firm LIMRA. Life insurance represents a sound security blanket, even if it can feel confusing and intimidating to some consumers.
Still, the overall number of life insurance policies issued saw positive growth in 2024, and there were roughly 134.2 million individual policies and 118 million group policies active in 2023, the American Council of Life Insurers states.
Fifty-two percent of respondents to LIMRA’s Insurance Barometer Study reported…
