I can tell you that in 2004 52 Billion was paid out in life insurance benefits. Currently there is approx 17 Trillion of life insurance in force. 492 Billion of that is on insureds age 65 or older.
Individual states regulates the life insurance industry.
No
Primrica
There are hundreds of leading players in the life insurance industry. I have attached a list of about 20 of the leading institutions that currently offer life insurance.
No - a life insurance can only be payed out on death.
"The average amount of life insurance coverage on insured husbands is $235,600 "
No.
None. Life Insurance Companies never fail. If they get into trouble another life insurance company will take over the assets and liabilities of the troubled company. This is an industry approach so that the public will maintain it's confidence in the life insurance industry. It benefits the people in that they will never loose out on benefits due to a family on a life insurance policy and it benefits the industry in that the public maintains confidence in the system.
In 2002, the average new individual life insurance policy was $129,459. Source: American Council of Life Insurers
The average life insurance price term in Dallas Texas is about $300-500.
No, while Prudential has many arms of their insurance business, I am in the industry, and have not heard of New York Life buying any of Prudential Life Insurance's assets or divisions.
Kenneth M. Wright has written: 'The life insurance industry in the United States' -- subject(s): Insurance, Life, Law and legislation, Life Insurance, Taxation