The life insurance industry involves the sale of insurance policies that provide financial protection to individuals and their families in the event of the policyholder’s death. Life insurance policies typically pay a death benefit to the policyholder’s beneficiaries, which can be used to help cover expenses such as funeral costs, outstanding debts, and living expenses. Life insurance policies can also provide other benefits, such as a savings component that can be used as a source of funds for major purchases or emergencies. The life insurance industry is a significant part of the financial services sector, and plays an important role in providing financial security to individuals and their families.
Industry’s Top Companies:
- MetLIfe
- Aflac
- Prudential
- Manulife
- Globe Life
- Unum Group
- Lincoln National
- Primerica
