Final Expense Sales Increase, Demand Rises Among Seniors
Author
Nancy Moussa, ALMI
Associate Research Director Insurance Product Research
LIMRA and LOMA
Figure 1
|
|
2023 |
2024 |
Companies |
Percent Change |
Sales by Premium |
$900,256,255 |
$1,045,591,394 |
28 |
+16.14% |
Policies Issued |
966,377 |
1,060,947 |
28 |
+9.79% |
Average Premium per Policy |
$932 |
$986 |
28 |
+5.79% |
Figure 2a. Industry Final Expense Sales Expectations
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Figure 2b. Company Final Expense Sales Expectations
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