How has life insurance changed in 20 years? PolicyScout gets the facts on the changes in life insurance since 1999.
We learned that overall, in 20 years coverage has grown greater than the rate of inflation and population growth. The relative cost of coverage has decreased with more competition in the industry. More people are buying policies than ever before.
Some things haven’t changed though; policies for smokers are still much more expensive than for non-smokers, and whole life policies still don’t make sense for most customers. PolicyScout conducted independent research for this infographic on price changes and trends.
PolicyScout is a website dedicated to helping people find the right insurance options that fit their life. We provide reviews, guides, and quotes for top insurance companies for life insurance, health insurance, auto insurance, home insurance, and pet insurance through our online platform. If you’re interested in learning more, visit PolicyScout.