Alabama Life Insurance Information

Get life insurance information on your state provided by The Insurance Loft and the Bureau of Labor Statistics.

In 2012 Alabama residents purchased 24 billion dollars in individual Life Insurance policies amassing more than 4 billion in benefits for policy-holders.

The total amount of life insurance owned by Alabama residents is estimated at $375 Billion.  More than 5 million residents of Alabama own policies.  On average the coverage per policy-holder is $47,000. 

View the comparison chart to learn the difference between Term Life, Whole Life and Universal coverage.

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Bureau of Labor Statistics, U.S. Department of Labor, National Compensation Survey, March 2013.
Sources: ACLI calculations based on National Association of Insurance Commissioners (NAIC) 2012 annual statement data; U.S. Bureau of Economic Analysis, 2012 data; U.S. Census Bureau, 2012 data; U.S. Bureau of Labor Statistics, 2012 data; and U.S. Treasury Department, 2012 data.