The Market Reports

Synopsis
The global market for Final Expense Insurance was estimated to be worth US$ 204190 million in 2024 and is forecast to a readjusted size of US$ 232510 million by 2031 with a CAGR of 1.9% during the forecast period 2025-2031.
Final expense insurance is a life insurance policy that has a smaller amount of death benefit comparing with normal life insurance. Also, it is easier to get approved. Final expense insurance is also called funeral insurance or burial insurance. The death benefit is usually between $2,000 to $50,000.
Global Final Expense Insurance key players include Allianz, AXAm, Generali, Ping An Insurance, China Life Insurance, etc. Global top five players hold a share about 26%. North America is the largest market, with a share about 36%, followed by Europe and APAC, both have a share over 54 percent. In terms of product, Permanent is the largest segment, with a share over 71%. And in terms of application, the largest application is Permanent, followed by Non-Permanent, etc.
Final Expense Insurance Market Drivers
Aging Population: The increasing elderly population, particularly in developed regions like North America and Europe, is a primary driver. As people age, the need for financial planning to cover end-of-life expenses, such as funeral costs and medical bills, becomes more pressing, boosting demand for final expense insurance.
Rising Funeral Costs: The cost of funerals and related services has been steadily rising, making it difficult for many families to afford these expenses out-of-pocket. Final expense insurance provides a financial safety net, ensuring that these costs are covered without burdening loved ones.
Increased Awareness: Growing awareness about the importance of end-of-life financial planning is driving market growth. Educational campaigns by insurers and financial advisors are helping consumers understand the benefits of final expense insurance, leading to higher adoption rates.
This report aims to provide a comprehensive presentation of the global market for Final Expense Insurance, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Final Expense Insurance by region & country, by Type, and by Age Bracket.
The Final Expense Insurance market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Final Expense Insurance.
Market Segmentation
By Company
Allianz
AXA
Generali
Ping An Insurance
China Life Insurance
Prudential PLC
Lincoln National Corporation
Zurich Insurance
Nippon Life Insurance
Japan Post Holdings
Bandhan Life
Metlife
Manulife Financial
CPIC
Chubb
AIG
Aviva
Allstate
LIC
Prudential Financial
UnitedHealthcare
AIA
Aflac
Legal & General
Segment by Type
Permanent
Non-Permanent
Segment by Age Bracket
From 50 to 65 Years Old
From 65 to 75 Years Old
Above and Equal to 75 Years Old
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Final Expense Insurance company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Age Bracket, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Final Expense Insurance in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Final Expense Insurance in country level. It provides sigmate data by Type, and by Age Bracket for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index