Search
 

More Americans now covered by life insurance through employers than individual coverage

For the first time ever, more Americans are getting life insurance via their employer compared with those buying it on their own.

By Katie Kuehner-Hebert | Updated on September 01, 2017
The number of Americans covered by employment-based life insurance will continue to grow gradually. Photo: Getty Images

For the first time ever, more Americans are covered by employment-based life insurance than by individual life insurance, according to the LIMRA study, “Employment-Based Life Insurance Ownership Trends (2017).” 

Currently, 108 million Americans have life insurance coverage through their workplace, compared with 102 million covered by individual life insurance, LIMRA reports. Over the past 50 years, the number of households covered by employment-based life has increased by 68 percent, to 57 million, while the number of people covered has nearly doubled, from 55 million to 108 million. 

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Katie Kuehner-Hebert

Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

More from this author

Recommended Stories

BenefitsPRO Broker Expo 2025 (BPRO)Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.