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Distribution of life insurance products in Canada from 2006 to 2022

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Source

Release date

October 2023

Region

Canada

Survey time period

2006 to 2022

Supplementary notes

Values have been taken from multiple publications.

Citation formats

Distribution of life insurance products in Canada 2006-2022

Published by Jenny Yang, Jun 24, 2024

The changes in the distribution of life insurance products in Canada occurred mostly in individual and group term insurance between 2006 and 2022, while individual whole life and universal life insurance remained relatively stable. In 2022, individual term life insurance accounted for ** percent of all life insurance coverage in Canada, an increase from ** percent in 2006. In contrast, the share of group term life insurance declined from ** percent in 2006 to ** percent in 2022. 

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