Life insurance new annualized premiums soared 20% in 2021 Liz Festa is a long-time reporter covering the U.S. insurance market and its regulation and its impact on consumers, business and the economy.

Burial insurance, or final expense insurance, is a life insurance policy with low coverage amounts designed to cover final expenses. It requires no medical exam and is generally purchased by people wh ...

Total life insurance new annualized premium grew 20% in 2021, representing the highest annual growth since 1983, according to a report by LIMRA, the insurance research group. For the year, policy ...

Individual U.S life insurance application activity increased by 3.4% in 2021, following a record-breaking year-over-year growth of 3.9% in 2020. The industry is still wrestling with mortality ...

U.S. life insurers paid a record $100 billion in 2021 in death benefits, fueled by another year of Covid-19 deaths, an industry trade group said. Payouts rose 11% in 2021 to $100.19 billion, most ...