Over the past decade, life insurance premiums grew at a modest pace of about 3% annually. It was a steady, predictable market—until the COVID-19 pandemic reshaped everything.
The pandemic served as a wake-up call for consumers, elevating awareness about the importance of life insurance coverage. Suddenly, protecting loved ones and securing financial futures became a top priority for millions.
This shift in mindset led to a historic surge in life insurance sales. In 2021, the industry experienced record-high sales and policy count growth rates not seen in over 40 years.
The momentum didn’t stop there. Life insurance premiums remained elevated post-pandemic, setting new records in 2022 and 2023.
And the growth isn’t slowing down. The market is forecasted to reach $15.9 billion in 2024, another record, with continued growth expected in 2025.
What Does This Mean for You?
The life insurance industry is thriving; there’s never been a better time to get involved. Whether you’re a financial advisor, insurance agent, or someone looking to expand your portfolio, this booming market presents a golden opportunity to help clients secure their futures while growing your business.
Ready to Take Advantage of This Growth?
If you want to learn how to tap into this expanding market and sell life insurance to your clients, Chris Gaston, Agility’s Life Insurance expert, is here to help! Reach out to Chris today to discover strategies, tools, and insights that set you up for success in this record-breaking industry.
The strategies and insights Chris shares with you are proven to work in establishing a life insurance book of business with reliable, growing revenue for your business.
You can contact Chris today at (817) 291-9898 or email [email protected] for this free brainstorming session. You can also visit our Life Insurance contracting website to see our carrier partners. Chris can also add you to our weekly free email list for more tips and other vital information for insurance professionals, delivered to your inbox!
The life insurance boom is here—don’t miss your chance to be part of it. Let’s work together to turn this opportunity into a lasting success.
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