Premium
Premium statistics

Industry-specific and extensively researched technical data (partially from exclusive partnerships).

A paid subscription is required for full access.

Life insurance distribution channels in the U.S. 2018

Life insurance distribution channels in the United States in 2018

by Jennifer Rudden, last edited Sep 10, 2019
Life insurance distribution channels in the U.S. 2018 In 2018, 51 percent of the life insurance sales market was held by independent agents. Affiliated agents, also known as captive agents, were the next most used distribution channels.
Life Insurance

Life insurance is a tool that delineates what happens when a consumer passes away, financially. It decides how the money is delegated to beneficiaries. Life insurance also comes into practice when a person is unable to provide for their family due to unforeseen illness or disability. Life insurance acts as a safety net for cases of emergency. Signing up for insurance entails picking a policy, paying premiums, and then filing a claim for the payout when needed. The beneficiaries in the life insurance policy get the payout in either a lump sum or in payments, based on what is written in the contract. In the United States, policy holders must pay taxes on the federal and state level for these premiums.

Life insurance in the United States

In the United States, 57 percent of Americans owned life insurance in 2019. The largest life insurance company in the United States in 2017, by assets was Prudential Financial, headquartered in Newark, New Jersey. The total number of life insurance companies domestically has been steadily decreasing since 1990. However, the value of individual life insurance in force since 2008 has slightly increased.
Show more

Life insurance distribution channels in the United States in 2018

Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
Related Studies: Available to Download in PDF or PPTX Format
Life insurance in the United States
Life insurance in the United States

All Information
in one Presentation

Life insurance in the United States

Everything On "Life insurance in the United States" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Statista is a great source of knowledge, and pretty helpful to manage the daily work.
Christof Baron

Christof Baron
CEO, MindShare Germany

Statistics on "Insurance industry in the United States"
  • Industry overview
  • Brokers & agents
  • Life insurance
The most important statistics
  • Health insurance
  • Property and casualty insurance sector
  • Homeowner insurance
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.