Life insurance purchase due to simplified underwriting in the U.S. 2018-2019

In 2019, only 14 percent of life insurance policyholders said that they were much more likely to buy life insurance due to simplified underwriting. However, this is a decrease from 2018 when 21 percent of policyholders said the same. Simplified underwriting requires no medical exam and is suitable for younger, healthy candidates who meet certain criteria, such as no recent history of bankruptcy and no criminal record.

Likelihood of customers buying life insurance due to simplified underwriting in the United States in 2018 and 2019

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Sources

Release date

April 2019

Region

United States

Survey time period

2018 and 2019

Number of respondents

2,000 respondents

Method of interview

Online panel

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Statistics on "Life insurance in the United States"

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