The number of families reporting any life insurance coverage peaked at 85.4% in 1971. That number declined nearly every year since and is expected to decline in 2022 from the 59.4% in 2021, Andrew ...

“Term life premium is on pace to reach $3 billion in 2024, a new sales record for the product,” John Carroll, senior vice president at Limra, said in a statement.

Outlook Management expects life insurance policy growth to slow to approximately 2% in 2025 due to continued cost-of-living challenges. The life sales force is projected to expand by roughly 3% in ...