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Likelihood of customers buying life insurance due to simplified underwriting in the United States from 2018 to 2020

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Sources

Release date

May 2020

Region

United States

Survey time period

2018 to 2020

Number of respondents

1,997 respondents

Method of interview

Online panel

Citation formats

Life insurance purchase due to simplified underwriting in the U.S. 2018-2020

Published by Jenny Yang, May 22, 2020
In 2020, half of life insurance policyholders in the United States said that they were more likely to buy life insurance due to simplified underwriting. However, this is a decrease from 2018 when ** percent of policyholders said the same. Simplified underwriting requires no medical exam and is suitable for younger, healthy candidates who meet certain criteria, such as no recent history of bankruptcy and no criminal record.
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