Worldwide Facts About Life Insurance
Worldwide Facts About Life Insurance
Most don’t give it much thought, but life insurance is a product that extends beyond the U.S. borders. It is sold worldwide. There are some aspects that can change from country to country, while others are the same or similar. Here is a look at “the world” of life insurance.
The United States is the Global Leader in Life Insurance
While life insurance is available in many countries, most of it is still sold in the U.S. In fact, it is estimated that 55% of all life insurance is sold here.
Your Coverage Extends to Other Countries
Your U.S.-based life insurance policy remains in force should you visit, or even move to, another country, assuming you keep your premiums up-to-date. However, you should let your provider know if you have moved.
Life Insurance in China
Life insurance in China is administered by a state-run financial enterprise. Life insurance in China is not mandatory. In terms of overall premiums paid, China is second only to the United States.
Life Insurance in Russia
Life insurance is the most popular insurance product that is non-compulsory in the country. Much like in the United States, a large number of insurance companies compete against each other to gain market share.
Life Insurance in India
IndiaFirst Life Insurance Company is India’s first life insurance firm that started in 2009. The company has seen rapid growth and offers both group and individual insurance policies.
Life Insurance in Egypt
There are only 32 companies selling insurance in Egypt, and only 13 of those are considered life insurance companies.
Life Insurance in Japan
A large percentage of households in Japan have life insurance, making it the third highest country in the world for life insurance premiums.
What is your life insurance situation? Do you have enough to take care of final expenses? What about your debts? Could you pay off your house or provide for your spouse and family? You may be surprised at how affordable life insurance may be. Contact one of our independent insurance agents for a free quote today.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Read More Insurance Blogs
Term vs. Permanent Life Insurance: Choosing the Right Strategy for Your Life Stage
Compare term and permanent life insurance options to find the ideal fit for your current life stage.
More Than a Safety Net: Why Life Insurance Is a Core Pillar of Comprehensive Family Financial Planning
Learn how modern life insurance strategies protect your family’s financial future and secure generational stability.
Family Financial Strategy
Utilize the steady pace of late-September to assess your life insurance coverage, evaluate income replacement needs, and secure your family’s financial future.
Family Financial Planning
Utilize the steady pace of mid-September to assess your life insurance coverage, evaluate income replacement needs, and secure your family’s financial future.
Mid-Year Financial Reviews and Family Security
Utilize the steady pace of mid-September to evaluate your life insurance coverage, assess income replacement needs, and safeguard your household’s financial future.
Honoring Labor Day Through Long-Term Family Protection
Discover how life insurance acts as the ultimate guarantor of your daily labor, providing essential financial continuity, debt neutralization, and protection for loved ones as autumn approaches.
The Late-Summer Financial Reset
Conduct a mid-to-late-year financial reset to update your life insurance coverage, review beneficiary designations, and secure your family’s future
Beyond Income Replacement: Utilizing Permanent Life Insurance for Intergenerational Wealth Transfer
Secure your family’s financial future across generations. Discover how permanent life insurance and estate planning tools transform death benefits into lasting legacy wealth.
The Ultimate Safeguard: Designing a Life Insurance Plan That Outlasts Uncertainty
True security means knowing your family’s future is permanently protected. Discover how a comprehensive life insurance strategy secures multi-generational wealth.
The Mid-Year Financial Audit: Securing Multi-Generational Wealth Before Q4
Don’t wait until December to review your financial plan. Discover why August is the perfect month to audit your life insurance and lock in generational security.