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32. 1997 Economic Census


852. Life Insurance Purchases in the United States-- Number and Amount

[23,769 represents 23,769,000. Excludes revivals, increases, dividend additions,and reinsurance acquired. Includes long-term creditinsurance (life insurance on loans of more than 10 years' duration).See also headnote, Table 851]
 
NUMBER OF POLICIES PURCHASED (1,000) AMOUNT PURCHASED (bil. dol.)
YEAR
Total Ordinary Group Industrial Total Ordinary Group Industrial
 
1970 23,769 10,968 5,219 7,582 1 193 123 1 64 6
1971 25,010 11,281 5,403 8,326 189 132 50 7
1972 26,665 11,844 6,698 8,123 209 146 56 7
1973 26,769 12,198 7,065 7,506 234 163 64 7
1974 27,504 12,763 7,994 6,747 1 301 183 1 111 7
1975 27,092 12,549 8,146 6,397 1 290 188 1 95 7
1976 28,326 13,219 9,145 5,962 325 214 105 6
1977 29,137 13,679 9,599 5,859 370 247 116 7
1978 28,699 13,987 9,267 5,445 414 283 125 6
1979 27,961 14,259 9,245 4,457 493 330 158 5
1980 29,007 14,750 11,379 2,878 573 386 183 4
1981 29,552 15,838 11,923 1,791 1 831 482 1 347 2
1982 28,894 15,614 11,930 1,350 838 585 251 2
1983 32,021 17,737 13,450 834 1,026 753 272 1
1984 33,012 17,695 14,605 712 1,115 820 294 1
1985 33,880 17,104 16,243 533 1 1,231 911 1 320 1
1986 34,623 16,811 17,507 305 1 1,309 934 1 375 (Z)
1987 33,153 16,225 16,698 230 1,353 987 366 (Z)
1988 31,589 15,579 15,793 217 1,407 996 411 (Z)
1989 29,960 14,694 15,110 156 1,442 1,021 421 (Z)
1990 28,791 14,066 14,592 133 1,529 1,070 459 (Z)
1991 29,813 13,471 16,230 112 1 1,616 1,042 1 574 (Z)
1992 28,382 13,350 14,930 102 1,489 1,048 441 (Z)
1993 31,238 13,574 17,574 90 1,678 1,101 577 (Z)
1994 32,225 13,675 18,390 160 1,611 1,051 560 (Z)
1995 31,999 12,466 19,404 129 1,543 1,005 538 (Z)
1996 30,783 11,926 18,761 96 1,704 1,089 615 (Z)
1997 31,708 11,667 19,973 68 1,893 1,204 689 (Z)
1998 31,891 11,522 20,332 37 2,065 1,325 740 (Z)


Z Less than $500 million.
1 Includes Servicemen's Group Life Insurance: $17.1 billion in 1970,$29.2 billion in 1974, $1.7 billion in 1975,$45.6 billion in 1981, $51.0 billion in 1986 and $166.7 billion in 1991;as well as Federal Employees' Group Life Insurance:$84.4 billion in 1981 and $10.8 billion in 1985.

Source: American Council of Life Insurance, Washington, DC,Life Insurance Fact Book, annual (copyright).

http://www.acli.com/

https://allcountries.org/uscensus/852_life_insurance_purchases_in_the_united.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

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