Life insurance benefits payouts broke records at $100 billion in 2021

Life insurance benefits - Benefit package

Last year, insurers paid out 11 percent more than they had the year before in the United States. Life insurance benefits payouts in the United States reached $100 billion last year, reaching a record total, according to newly released data from the American Council of Life Insurers (ACLI). The increase from 2020 to 2021 represents the largest jump seen since 1918’s influenza pandemic. The amount paid out in life insurance benefits in 2021 represented a year-over-year increase of 11 percent compared to 2020. That was the largest single year hike…

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