Increasing awareness among consumers about life insurance, declining life expectancy and ease of availability are fueling the demand for life insurance in the United States. According to TechSci Research report, “United States Life Insurance Market – By Region, Competition Forecast and Opportunities, 2018-2028F”, The United States life insurance market is to witness significant growth during the forecasted period, owing to the declining life expectancy in the country, and increasing awareness among consumer about the necessity and benefits of life insurance. Moreover, the rising government initiatives are driving the market of the United States life insurance market.
The Important Factors of United States Life Insurance Market
In the US, smoking cigarettes and being around smokers are the two leading causes of premature death. They can make people more vulnerable to developing diseases such as cancer, heart disease, stroke, lung disease, etc.
As per the data provided by the Centers for Disease Control and Prevention, more than 16 million Americans are living with a disease caused by smoking. In the United States, cigarette smoking is responsible for more than 480,000 deaths annually, including more than 41,000 deaths from exposure to secondhand smoke. This amounts to around 1 in 5 deaths annually or 1,300 deaths per day. Thus, with the increase in deaths due to smoking and other diseases, more and more people are purchasing life insurance packages that can provide economic support to their families after their deaths.
Life insurance is obtained by people from various socioeconomic backgrounds, both single and married.. More than eight out of ten American families are protected by life insurance in some form. Most life insurance policyholders are family breadwinners who wish to ensure that, in the event of their passing, the financial needs of dependents, such as a spouse, children, or elderly parents, are taken care of.
However, many individuals often buy life insurance to accumulate savings for future occasions, like retirement, paying for college, or paying inheritance taxes. The market for life insurance has seen a rise in the proportion of women in recent years. Women are heading to more and more homes today. Homemakers take life insurance policies to ensure that funds will be available for child care and household maintenance, in the case of their death.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "United States Life Insurance Market".
The United States Life Insurance market is segmented on the basis of type of insurance, premium type, type of coverage, term of coverage, mode of purchase, and by the end user. Based on the type of insurance the market is segmented into public vs private. On the basis of premium type, the market is divided into regular and single. Based on the type of coverage, the market is fragmented into individuals and groups. Further, based on terms of coverage, the market is divided into term, whole. On the basis of the mode of purchase, the market is divided into insurance agents/brokers, insurance companies, and others including insurance companies, third parties, etc. By end user, the market is fragmented into minors, adults, and senior citizens.
Term life insurance, which offers reasonable, fixed-cost, temporary financial protection for a period of five to thirty years, will witness high demand during the forecasted period. The optimum use for this kind of life insurance is to cover short-term financial necessities including debt repayment, income replacement, childcare expenses, and funding your child's schooling.
Major operating companies operating in the United States Life Insurance Market are:
- Haven Life Insurance Agency LLC
- Northwestern Mutual Investment Services, LLC
- Guardian Life Insurance Co Of America
- Transamerica Corp
- MassMutual Holding LLC
- Prudential Financial, Inc.
- Banner Life Insurance Co
- Legal & General Investment Management America, Inc.
- Nationwide Mutual Insurance Co.
- John Hancock Life Insurance Co USA
To develop better customer reach and cater to different consumer groups, many brands are acquiring other brands to capture a larger market share. For instance, Great American Life Insurance Company, a wholly-owned subsidiary of American Financial Group, Inc., as well as other subsidiaries and affiliated companies, were acquired by Massachusetts Mutual Life Insurance Company MassMutual Holding LLC for about USD 3.5 billion, in 2021.
Customers can also request 10% free customization on this report
“The market for life insurance in the United States is being driven by the country's diminishing life expectancy as a result of an increase in premature deaths, which are primarily driven on by smoking and tobacco usage, which causes cancer and heart disease. The life insurance industry in the United States is also expanding due to increased awareness and the accessibility of various life insurance policies. s” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
United States Life Insurance Market, By Type of Insurance Provider (Public Vs Private), By Premium Type (Regular Vs Single), By Type of Coverage (Individual, Group), By Term of Coverage (Term Vs Whole), By Mode of Purchase (Insurance Agents/Brokers, Insurance Companies, Others (Insurance Companies, Third Party, etc.)), By End User (Minors, Adults, Senior Citizens), By Region, By Company, Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of the United States Life Insurance market and provides statistics & information on market size, structure, and future market growth. the report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Life Insurance in the United States.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Here are a couple of elements you should know as a representative
Gathering term disaster protection strategies (GTL) are issued to bunches shaped for purposes other than acquiring life coverage.
Numerous businesses decide on (GTL) Group of Life Insurance arrangements to offer live inclusion to their representatives.
Existing representatives are secured from the date of issuance of the arrangement and the new worker gets inclusion from the date of joining.
Guarantee Trust life insurance is a few factors :
A few associations offer level spreads state Rs 5 lakh for each worker.
Latest niche market research study on “United States Dental Insurance Market Report 2018 " published at Orbisresearch.comWith the slowdown in world economic growth, the Dental Insurance industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Dental Insurance market size to maintain the average annual growth rate of X% from XXXX million $ in 2014 to XXXX million $ in 2017, BisReport analysts believe that in the next few years, Dental Insurance market size will be further expanded, we expect that by 2022, The market size of the Dental Insurance will reach XXXX million $.
Request a sample of this report @ http://orbisresearch.com/contacts/request-sample/2155180 United States Dental Insurance Market covers the Major Players’ data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better.United States Dental Insurance Market report also covers segment data, including: type segment, industry segment, channel segment etc.
Also cover different industries clients’ information, which is very important for the Major Players.
Browse the full Report@ http://orbisresearch.com/reports/index/united-states-dental-insurance-market-report-2018 Section 1: Free——DefinitionSection (2 3): 1200 USD——Major Player DetailAetnaUnited Concordia CompaniesDelta DentalBlueCross BlueShieldMetLifeCignaHumanaMake an enquiry before buying this report @ http://orbisresearch.com/contacts/enquiry-before-buying/2155180 Section (4 5 6): 500 USD——Type Segmentation (Dental PPO, Dental HMO, Others)Industry Segmentation (Individual End User, Family End User)Channel (National, Regional) SegmentationSection 7: 400 USD——Trend (2018-2022)Section 8: 300 USD—— Type DetailSection 9: 700 USD——Downstream ConsumerSection 10: 200 USD——Cost StructureSection 11: 500 USD——ConclusionSome Points from Table of ContentsSection 1 Dental Insurance DefinitionSection 2 United States Dental Insurance Market Major Player Share and Market Overview2.1 United States Major Player Dental Insurance Business Revenue2.2 United States Dental Insurance Market OverviewSection 3 Major Player Dental Insurance Business Introduction3.1 Aetna Dental Insurance Business Introduction3.1.1 Aetna Dental Insurance Revenue, Growth Rate and Gross profit 2014-20173.1.2 Aetna Dental Insurance Business Distribution by Region3.1.3 Aetna Interview Record3.1.4 Aetna Dental Insurance Business Profile3.1.5 Aetna Dental Insurance Specification3.2 United Concordia Companies Dental Insurance Business Introduction3.2.1 United Concordia Companies Dental Insurance Revenue, Growth Rate and Gross profit 2014-2017 Section 4 United States Dental Insurance Market Segmentation (Type Level)4.1 United States Dental Insurance Market Segmentation (Type Level) Market Size 2014-20174.2 Different Dental Insurance Market Segmentation (Type Level) Market Size Growth Rate 2014-20174.3 United States Dental Insurance Market Segmentation (Type Level) AnalysisSection 5 United States Dental Insurance Market Segmentation (Industry Level)5.1 United States Dental Insurance Market Segmentation (Industry Level) Market Size 2014-20175.2 Different Industry Trend 2014-20175.3 United States Dental Insurance Market Segmentation (Industry Level) Analysis…ContinuedAbout Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
We have vast database of reports from the leading publishers and authors across the globe.
We specialize in delivering customized reports as per the requirements of our clients.
Best 5 Ways of Life Insurance Policy Is Change Your Life
Life insurance merchandise is undergoing basic changes, and principally to the advantage of policyholder pension plans.
However, this may not bring life insurance Policy & plans at best with In NPS, the hr withdrawal granted at ability is tax free.
Freedom to require risks, invest in equities
The amendment that's seeming to form the utmost impact pertains to unit linked pension section, that lost steam once insistence on guarantees and buys of annuities from the Insurance Plan underwriter United Nations agency issued the postponed retirement savings account.
3. bigger selection once shopping for annuities
