Life Insurance Industry
Life Insurance Industry can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period. There are three main types of life insurance underwriting: Fully underwritten life insurance, Simplified issue life insurance, Guaranteed issue life insurance.
Insurance is a trillion-dollar industry in the United States, and the life insurance sector is one of its largest and most important components. Life insurance and annuities were responsible for nearly half of the American insurance industry’s net premiums. The Global market size of the Life Insurance & Annuities industry is expected to increase 3.2%.
In this section, we have collected the most current articles and reviews on the topic of the Life Insurance Industry.