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LIMRA Consumer Research

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Industry Issues

Our Ownership Study, an industry leader beginning in 1960 is now in its eighth edition. It provides a fascinating glimpse into American financial culture and illuminates major trends and key opportunities in the marketplace. Find out how to navigate today's life insurance industry with renewed confidence. Keep up with today's consumers — and at the same time, learn about ownership levels, buying patterns, and attitudes — so your company can continue to thrive even in these changed times. We will release in-depth reports from multiple perspectives now and throughout 2017.

Key Findings

The number of U.S. households owning life insurance (87.2 million) grew by 4.9 million over the last six years.

The overall ownership rate (market penetration) is 70 percent, unchanged from 2010.

The average amount of coverage owned and the average household income replacement ratio have decreased over the past 12 years leaving many households underinsured.

Almost half of all U.S. households have a life insurance need gap. The total market need is at least $12 trillion.  Market need will grow by approximately 2.8 percent annually. This means an additional $340 billion of new life insurance need enters the market each year.

Related Research

Closing the Life Insurance Gap One Household at a Time (2015)

Jul 20, 2015

The life insurance gap in the United States is more than $16 trillion. Uncover the six markets that represent 70 percent of the opportunity.

Interact with data from Person-Level Trends in U.S. Life Insurance Ownership (2011)

Mar 15, 2011

Interact with select results from the 2010 U.S. Life Insurance Ownership Study and receive instant, customized analysis with the click of a button! You can view results by standard income and age groups or refine the results to define your market


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