Life insurers provide the products that protect against life's uncertainties, helping individuals and families manage the financial risks of premature death, disability, long-term care, and outliving their savings.
Life insurers have paid out billions in life, disability income, long-term care insurance, and annuity benefits--offering peace of mind to Americans when they need it most. Benefits paid in 2008:
- $60 billion to life insurance beneficiaries
- $70 billion in annuity payments
- $16 billion in disability income insurance benefits
- $5 billion in long-term care insurance benefits