Share of adults who owned life insurance in the U.S. 2011-2023

Published by Jennifer Rudden, Nov 1, 2024
In 2023, 52 percent of Americans owned life insurance, down from 63 percent in 2011. There are several reasons why people don't buy life insurance, such as cost or lack of necessity.

Share of adults who owned life insurance in the United States from 2011 to 2021 and 2023

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Sources

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Release date

April 2023

Region

United States

Survey time period

2011 to 2021 and 2023

Number of respondents

8,000+

Special properties

Adult consumers

Method of interview

Online panel

Supplementary notes

The source does not indicate the age range of respondents, or provide information about the timing, method and sample size for surveys prior to 2023.

Values were weighted by the source to reflect the U.S. population. No figure published for 2022.

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