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 โthe worldโ 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
Search All Blogs
Read More Insurance Blogs
Beyond the Grave: Burial Insurance vs. Life Insurance Explained
Don’t Be Buried by Confusion: Understanding Burial and Life Insurance
From Bronze Age to Boomers: How Life Expectancy Went From Meh to Magnificent
How Long Will You Live? A Look at Life Expectancy Throughout History (and Why You Might Need Life Insurance)
Beyond “My Beloved Spouse”: A Guide to Choosing Your Life Insurance Beneficiary
The Beneficiary Bunch: Understanding Your Options
Life on the Edge? How Your Hobbies Can Affect Your Life Insurance Rates
Beyond the Premium: Unveiling the Unexpected Links Between Hobbies and Life Insurance
Unveiling the Different Players (and Why We’re Your Guide!)
Insurance Companies: Not All Created Equal! Find Your Perfect Match with Our Help
Cracking the Code: Cash Value, Loan Value, Surrender Value – It’s All in the Life Insurance Policy!
Beyond the Death Benefit: Unlocking the Hidden Gems of Your Life Insurance Policy
Beyond the Payout: 6 Unexpected Perks of Life Insurance You Might Not Know
More Than Just a Payout – Unlock 6 Hidden Gems for Your Loved Ones
Poppin’ Pills and Counting Coins: America’s Prescription Drug Dilemma
America’s love affair with drugs isn’t limited to back alleys and bong rips.
Ditch the Piggy Bank, Grab the Plan: Your Adulting Health Insurance Guide
Bye-Bye, Mom’s Policy! 5 Easy Steps to Your Adult Health Insurance Adventure
Life Insurance: Who’s Who in the Zoo (of Coverage)?
Feeling lost in the jungle of life insurance terms?