Average face amount of individual life insurance policies purchased in the United States from 1996 to 2016 (in thousand U.S. dollars)

U.S. life insurance: average face value of policies purchased 1996-2016 The statistic presents the average face value of individual life insurance policies purchased in the United States from 1996 to 2016. In 2016, the average face amount of individual life insurance policy amounted to 153 thousand U.S. dollars.
The value of individual life insurance in force in the U.S. in 2016 was approximately12 trillion U.S. dollars. This number has been steadily rising since 2008.
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Value in thousand U.S. dollars
199691
1998115
2000135
2002119
2004147
2006166
2008183
2010165
2012163
2014168
2016153
Value in thousand U.S. dollars
199691
1998115
2000135
2002119
2004147
2006166
2008183
2010165
2012163
2014168
2016153
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Description Source More information
The statistic presents the average face value of individual life insurance policies purchased in the United States from 1996 to 2016. In 2016, the average face amount of individual life insurance policy amounted to 153 thousand U.S. dollars.
The value of individual life insurance in force in the U.S. in 2016 was approximately12 trillion U.S. dollars. This number has been steadily rising since 2008.
Show more
Release date
October 2017
Region
United States
Survey time period
1996 to 2016
Supplementary notes
"Face amount" is the amount stated on an insurance policy, to be paid upon death or maturity.

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