Life Insurers Paid Record Amounts To Beneficiaries In 2020

December 14, 2021 by ACLI

WASHINGTON – New research from the American Council of Life Insurers (ACLI) shows that life insurance companies paid more than $90 billion to beneficiaries of life insurance policies in 2020, the highest ever in any single year. It also represents a 15.4% increase in payments over 2019, which is the largest year-to-year increase since the 1918 Influenza Epidemic. The data was included in the 2021 ACLI Life Insurers Fact Book that was released today.

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Originally Posted at InsuranceNewsNet on December 9, 2021 by ACLI.