IMPACT FACTS: Life Insurance Benefits
Dec 22, 2023
According to the ACLI 2023 Life Insurers Fact Book, the life insurance industry paid out $282.3 billion in guaranteed life insurance benefits in 2020-22.
- This was a record for a three-year period, and 20% higher than in 2017-2019.
- During the COVID pandemic, the value and importance of life insurance was reaffirmed.