51%
of U.S. adults report having life insurance
This includes individual and group coverage.
SOURCE: LIMRA and Life Happens, 2025REFERENCE PAGE UPDATED SEPTEMBER 25, 2026
Life insurance statistics for the U.S. and Texas
Current, citable figures on ownership, coverage gaps, and the Texas life insurance market. Each number links to the source that reported it.
AT A GLANCE
The numbers behind a life insurance conversation
These figures describe broad patterns, not what any one person needs. Coverage choices depend on the people, income, debts, savings, and plans that matter to a household.
40%
say they need more life insurance
LIMRA estimates that represents close to 100 million adults.
SOURCE: LIMRA and Life Happens, 202547%
would struggle with living costs within six months
That is the share who said this would follow a primary wage earner’s death.
SOURCE: LIMRA and Life Happens, 2025$22.2T
in U.S. life insurance was in force
A record total reported for 2023.
SOURCE: American Council of Life Insurers, 2024134M+
individual life policies were in force nationally
The figure reflects individual policies reported for 2023.
SOURCE: American Council of Life Insurers, 2024$206K
was the average new individual policy size
This was the reported 2023 average, not a recommendation for any household.
SOURCE: American Council of Life Insurers, 2024$16.21B
in life insurance premium was reported in Texas
Texas Department of Insurance market-share data for 2024.
SOURCE: Texas Department of Insurance, 202474.39%
of Texas life premium came from the 40 largest insurers
The remaining 25.62% was reported across other life insurance companies.
SOURCE: Texas Department of Insurance, 2024A CLOSER LOOK AT TEXAS
Texas reported a broad life insurance market in 2024.
Texas Department of Insurance reported $16.21 billion in life insurance premium statewide. The largest individual company in its published list held 5.66% of the market, while the top 40 companies together accounted for 74.39%.
That range is a useful reminder to compare the policy details, cost, eligibility, and support behind an option, not just a company name.
REQUEST A QUOTEMETHODOLOGY AND SOURCES
How to use this page
This page brings together the most recent public figures available from the named source at the time it was updated. The reporting years differ because national and state releases follow different schedules.
- LIMRA and Life Happens, Facts About Life Insurance, 2025. Consumer ownership, need-gap, and household-security figures.
- American Council of Life Insurers, Life Insurance in Force, published 2024. U.S. in-force coverage, policy count, and average new-policy size, reporting 2023 data.
- Texas Department of Insurance, Top 40 list of insurers in Texas. Texas life insurance premiums and market shares, based on 2024 market-share data.
CITE THIS PAGE
Eric Abelardo Garza, “Life Insurance Statistics for the U.S. and Texas,” updated September 25, 2026.
LINK TO SOURCES AND METHODOLOGY