40%
say they need life insurance or more of it
LIMRA's 2025 Insurance Barometer Study found that four in 10 Americans say they need life insurance or need more coverage.
Source: LIMRA, 2025 Insurance Barometer StudyA Reference For Families
Life insurance statistics for U.S. families.
Current data on coverage needs, workplace access, and the benefits life insurers provide, gathered in one place with the source and date behind every number.
Updated September 21, 2026
What The Numbers Show
Protection decisions are personal. The patterns behind them are useful.
Life insurance is often discussed when a family is already carrying a lot: work benefits, a mortgage, growing children, aging parents, or a changing career. These national statistics do not tell any one family what to choose. They can help make the questions clearer.
Each statistic below links to its original source. Source dates matter because coverage, employer benefits, and payment data change over time.
Coverage And Access
Eight life insurance statistics to know.
102M
Americans are uninsured or underinsured
LIMRA estimates 102 million Americans are living without life insurance or without enough coverage for the protection they believe they need.
Source: LIMRA, 2025 Insurance Barometer Study10-12x
how much younger adults overestimate the cost
Among adults age 30 and younger, LIMRA found that many estimate the cost of life insurance at 10 to 12 times its actual cost.
Source: LIMRA, 2025 Insurance Barometer Study62%
of civilian workers had access through work
In March 2025, 62% of civilian workers had access to employer-provided life insurance and 61% participated.
Source: U.S. Bureau of Labor Statistics, March 202587%
of registered nurses had workplace access
The Bureau of Labor Statistics reported 87% of registered nurses had access to life insurance through work in March 2025, with 86% participating.
Source: U.S. Bureau of Labor Statistics, March 202544%
of workers at the smallest private employers had access
Across all employers with 1 to 99 workers, 44% had access to life insurance. At employers with 500 or more workers, access was 87%.
Source: U.S. Bureau of Labor Statistics, March 202515%
of part-time workers had workplace access
In March 2025, 15% of part-time workers had access to employer-provided life insurance, compared with 76% of full-time workers.
Source: U.S. Bureau of Labor Statistics, March 2025$110B
in annuity benefits paid by life insurers
In 2024, life insurers paid a record $110 billion in annuity benefits, a reminder that protection and retirement income are closely connected for many families.
Source: American Council of Life Insurers, 2025 Fact BookA Useful Starting Point
Work coverage can be valuable, but it is only one part of the conversation.
Employer-provided life insurance can be an important benefit. The national data also shows that access varies widely by occupation and employer size. A review can help clients and families understand what they have today, what follows them through a career change, and what responsibilities still need support.
For a closer look at coverage types, visit our life insurance overview. Nurses and health care professionals can also explore our life insurance guidance for nurses.
Methodology And Sources
Built from named, primary industry sources.
This page uses public releases and reports from national research, government, and industry organizations. It is reviewed periodically so outdated figures and inactive source links can be replaced.
- LIMRA, 2025 Insurance Barometer Study
Coverage gap, uninsured and underinsured population, and consumer cost perceptions. Published June 2025.
- U.S. Bureau of Labor Statistics, Employee Benefits in the United States
Employer-provided life insurance access and participation data, collected in March 2025.
- American Council of Life Insurers, 2025 Life Insurers Fact Book
Life insurance and annuity industry statistics, including annuity benefits paid during 2024. Published November 2025.
Cite This Page
The Essentials Insurance & Retirement Agency. Life Insurance Statistics for U.S. Families. Updated September 21, 2026. https://theessentialsagency.com/life-insurance-statistics/
Turn the numbers into a clearer conversation.
Talk through the people, responsibilities, and goals your own protection plan needs to support.