50 percent of Americans reported owning life insurance in 2022. Comparatively, 52% of Americans reported owning life insurance in 2021.
All income levels are now less likely to say they have life insurance coverage.
Over 50% of Americans overestimates the cost of life insurance by 300%.
30% of Americans believe life insurance is only for end of life expenses, leading them to not purchase enough coverage
Life insurance premiums increased by 21% in the second quarter of 2021, the largest year-over-year increase since third quarter 1987.
Gender, age, smoking status, health, medical history and other factors impact your life insurance rates.
Some life insurance policies exclude coverage if the insured died while committing a felony.
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