Life Health Life Insurance

10 States Where the Most Life Insurance is Sold

by Nichole Morford

The stats are well-known: Less than 60 percent of the United States population has life insurance. Most consumers think they need more coverage, but don't think they can afford it. In part, this is because the cost of life insurance is not widely understood: 80 percent of consumers misjudge the expense associated with term life insurance.

01_North_Carolina_Charlotte_Uptown_Shutter_640x640

Life insurance premiums: $4.235 billion

Annuity considerations: $6.924 billion

Accident and health insurance premiums: $5.142 billion

Deposit-type contract funds: $1.273 billion

Other considerations: $2.437 billion

Total: $20.011 billion

(Image: Shutterstock)

02_Georgia_Riverfront_Downtown_Savannah_Shutter_640x640

Life insurance premiums: $4.296 billion

Annuity considerations: $5.296 billion

Accident and health insurance premiums: $4.748 billion

Deposit-type contract funds: $572 million

Other considerations: 2.653 billion

Total: $17.564 billion

(Image: Shutterstock)

03_Cincinnati_Ohio_Riverfront_Park_Shutter_640x640

Life insurance premiums: $4.856 billion

Annuity considerations: $10.022 billion

Accident and health insurance premiums: $6.373 billion

Deposit-type contract funds: $3.890 billion

Other considerations: $1.879 billion

Total: $27.020 billion

(Image: Shutterstock)

04_Penn_Philadelphia_Independence_Hall_Shutter_640x640

Life insurance premiums: $6.256 billion

Annuity considerations: $12.695 billion

Accident and health insurance premiums: $5.979 billion

Deposit-type contract funds: $2.987 billion

Other considerations: $5.924 billion

Total: $33.842 billion

(Image: Shutterstock)

05_New_Jersey_Wildwood_Boardwalk_Shutter_640x640

Life insurance premiums: $6.261 billion

Annuity considerations: $11.568 billion

Accident and health insurance premiums: $6.533 billion

Deposit-type contract funds: $1.401 billion

Other considerations: $2.567 billion

Total: $28.330 billion

(Image: Shutterstock)

06_Illinois_Chicago_River_Downtown_Shutter_640x640

Life insurance premiums: $6.519 billion

Annuity considerations: $10.325 billion

Accident and health insurance premiums: $6.416 billion

Deposit-type contract funds: $1.277 billion

Other considerations: $2.447 billion

Total: $26.985 billion

(Image: Shutterstock)

07_Florida_Miami_Beach_Shutter_640x640

Life insurance premiums: $8.421 billion

Annuity considerations: $18.135 billion

Accident and health insurance premiums: $11.786 billion

Deposit-type contract funds: $1.064 billion

Other considerations: $3.739 billion

Total: $43.144 billion

(Image: Shutterstock)

09_Times_Square_New_York_City_Shutter_640x640

Life insurance premiums: $11.262 billion

Annuity considerations: $17.382 billion

Accident and health insurance premiums: $8.496 billion

Deposit-type contract funds: $24.152 billion

Other considerations: $9.491 billion

Total: $70.783 billion

(Image: Shutterstock)

10_California_San_Francisco_Cable_Cars_Shutter_640x640

Life insurance premiums: $15.113 billion

Annuity considerations: $23.141 billion

Accident and health insurance premiums: $13.893 billion

Deposit-type contract funds: $2.093 billion

Other considerations: $7.324 billion

Total: $61.564 billion

(Image: Shutterstock)

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