America’s life insurers were born out of the idea that no one should be on their own in hard times. 175 years ago, that meant providing relief when a loved one died. Today, it means helping families take care of what matters most through good times and bad.
Many are surprised to learn that life insurers offer a wide range of products that protect people through all stages of life and that employers of all sizes depend on to protect their employees. Here are some of the ways we make certain Americans can protect their family's financial future.
Life insurers pay out $2.5 billion every day, compared to $3.0 billion from Social Security.
The life insurance industry generates 2.8 million jobs in the United States.
Life insurers paid out $100 billion in life insurance benefits in 2021.
Life insurers are a major source of bond financing for U.S. businesses, holding 24 percent of all U.S. corporate bonds.