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Burial Insurance Market Key Insights
Burial Insurance Market Analysis by Regions
Burial Insurance Market Analysis by Segments
Burial Insurance Market Size (current and future)
Burial Insurance Market Competitive Benchmarking
3 years ago
Global Burial Insurance Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 to 2028
Value Market Research deeply researched the Global Burial Insurance Market to foresee a significant growth in the industry over the upcoming years. The global burial insurance market report provides a complete industry analysis, market size, market share, growth trends, and forecasts for 2023 to 2028. The report starts with a detailed market introduction and an executive summary that highlights...
Burial Insurance Market
Burial insurance is a form of life insurance that pays a death benefit to the insured's beneficiaries to cover funeral and burial costs. The small death benefit from a burial insurance policy is enough to pay for most funeral and burial costs. And because the primary purpose of the policy is to cover final expenses, the premiums are typically much lower than those of a traditional life insurance policy with a larger death benefit.
The size of the market for burial insurance is determined by the number of active policies and the total premiums paid. In 2018, there were approximately XX million burial insurance policies in force in the United States, generating approximately $XX Billion in premium income.
There are a number of factors driving the expansion of the US burial insurance market. The first is the ageing of the baby-boomer generation. This age group is becoming increasingly cognizant of their own mortality and the need to prepare for final expenses.
There are numerous competitors on the market for burial insurance. AIG, MetLife, Prudential, New York Life Insurance Company, and Northwestern Mutual Life Insurance Company are among the market leaders.
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