LIFE INSURANCE
Life insurance coverage is an important aspect of financial planning, providing financial security for dependents in the event of unexpected loss. From 2004 to 2022, there was a slight overall decrease in life insurance coverage among Americans, with a particularly notable decline among the highest-income individuals aged 75 and older. In general, middle-aged individuals (35-64) are the most likely to have life insurance, a trend that remained consistent over time. Men are more likely than women to hold life insurance policies, and married individuals are more likely to be insured than their unmarried counterparts. The likelihood of having life insurance also increases with both education and income levels.
EXPLORE THE DATA
Definition:
Percent of individuals who live in a household in which at least one member has life insurance.
Example:
People living with a family member who has term-life insurance are categorized as having life insurance. However, people who have accident insurance or those living with roommates who have life insurance are not categorized as having life insurance.