Global Final Expense Insurance Market Growth (Status and Outlook) 2023-2029

Global Final Expense Insurance Market Growth (Status and Outlook) 2023-2029

Final expense insurance is a life insurance policy that has a smaller amount of death benefit comparing with normal life insurance. Also, it is easier to get approved. Final expense insurance is also called funeral insurance or burial insurance. The death benefit is usually between $2,000 to $50,000.
LPI (LP Information)' newest research report, the “Final Expense Insurance Industry Forecast” looks at past sales and reviews total world Final Expense Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Final Expense Insurance sales for 2023 through 2029. With Final Expense Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Final Expense Insurance industry.
This Insight Report provides a comprehensive analysis of the global Final Expense Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Final Expense Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Final Expense Insurance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Final Expense Insurance and breaks down the forecast by type, by age bracket, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Final Expense Insurance.
The global Final Expense Insurance market size is projected to grow from US$ 192420 million in 2022 to US$ 220590 million in 2029; it is expected to grow at a CAGR of 2.0% from 2023 to 2029.
Global Final Expense Insurance key players include Allianz, AXAm, Generali, Ping An Insurance, China Life Insurance, etc. Global top five players hold a share about 26%. North America is the largest market, with a share about 36%, followed by Europe and APAC, both have a share over 54 percent. In terms of product, Permanent is the largest segment, with a share over 71%. And in terms of application, the largest application is Permanent, followed by Non-Permanent, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Final Expense Insurance market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Permanent
Non-Permanent
Segmentation by age bracket
From 50 to 65 Years Old
From 65 to 75 Years Old
Above and Equal to 75 Years Old
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Allianz
AXA
Generali
Ping An Insurance
China Life Insurance
Prudential PLC
Lincoln National Corporation
Zurich Insurance
Nippon Life Insurance
Japan Post Holdings
AEGON
Metlife
Manulife Financial
CPIC
Chubb
AIG
Aviva
Allstate
LIC
Prudential Financial
UnitedHealthcare
AIA
Aflac
Legal & General

Please note: The report will take approximately 2 business days to prepare and deliver.