Life Insurance In America To Reach Market Value Of $650 Billion
November 12, 2012 
0 Comments
Even though the majority of households in America are under-insured and many lack contractual lifetime income retirement vehicles such as annuities, the future still looks very bright for life insurance growth here in America. In fact, “Research and Markets” recently announced their “Life Insurance in the United States” report that suggested the total life insurance would reach a market value of $650 billion by 2016.
Today, total life insurance premiums were at $537.6 billion (total in 2011) so the projected increase isn’t something to sneeze at. Moreover, the $537 billion 2011 numbers represent a compound annual rate of change of negative 1.8% between 2007 and 2011. The most lucrative segment was the pension and annuity division that captured $390 billion (approximately 73% of the life insurance market’s overall value).
We will keep you posted on the final numbers for 2012 as we get them and expect some big things in the life insurance and annuity divisions over the next few years.
No comments yet... Be the first to leave a reply!