Final Expense Life Insurance is a type of insurance designed to help pay for the expenses that follow death. It has become increasingly popular in the United States as people seek to protect their families from the financial burden of
funerals, medical bills, and other end-of-life expenses. The purpose of this Family First Partnerships paper is to investigate the size of the Final Expense Life Insurance Market in the United States, including stats and miler per state.
In 2021, the global final expense insurance market accounted for over USD 9 billion and is expected to grow at a CAGR of 7.99% between 2021 and 2028 (Fortune Business Insights, 2021). This exponential growth presents an opportunity for life insurance agencies that specialize in selling final expense policies for senior life insurance companies. However, selling these policies requires a deep understanding of the target demographic, including seniors who
are often unfamiliar with technology and may not be attracted to traditional marketing techniques. All though, According to Rocket Referrals (2021), email marketing is an effective tool for reaching seniors. Research shows that 93% of seniors check their email daily, and personalized email messages are more effective than generic ones. Additionally, AI-powered chatbots can help seniors with their insurance inquiries and make better decisions. These technologies can
be easily integrated into a website and provide a smooth experience for customers. Building long-term relations with customers is another key strategy for scaling a final expense life insurance agency. Customer referrals are the driving force behind any successful insurance agency and agent. A satisfied customer is more likely to refer the agency to their friends and family, and insurance agents and agencies must strive to provide excellent customer service
while building personal relationships with their clients.

Okay, the research for this Family First Partnerships paper has been conducted through a thorough review of existing literature, industry reports, and data from government and private insurance sources. To ensure the reliability of the findings, data has been sourced from reputable sources, and this information has been cross-referenced to ensure maximum accuracy. Final Expense Life Insurance is a growing market in the United States. According to a recent report by Persistence Market Research, the size of the US Final Expense Life Insurance market was $9.9 billion in 2016 and is expected to grow at a compound annual growth rate of 7.99% from 2017 to 2025. This report found that the rise in demand for Final Expense Life Insurance is attributed to the aging population in the United States. When looking at the market based on states, Florida is the state with the most significant Final Expense Life Insurance market. A study conducted by Equita Final Expense Services found that Florida’s Final Expense Life Insurance market was worth $4.4 Billion in 2020. It was followed by Texas, California, North Carolina, and Georgia with a market size of $2.9 billion, $1.8 billion, $1.1 billion, and $1 billion, respectively. While some states like Florida have a significant Final Expense Life Insurance market, others have smaller markets. More sparsely populated states such as Wyoming, Montana, and Vermont have smaller markets due to their low population density. In contrast, bigger states like Texas and North Carolina have large markets due to their high population density.

Based on the research conducted, it is clear that the Final Expense Life Insurance market in the United States is substantial and is expected to grow further in the coming years. While the market size varies from state to state, it is clear that this type of insurance is becoming increasingly popular as people seek ways to protect their families from the financial burden of end-of-life expenses. It is expected that the market will continue to grow due to the aging population in the United States, making Final Expense Life Insurance a worthwhile investment
to protect one’s family’s future and a great career choice with Family First Partnerships and Senior Life Insurance Company.
-Family First Partnerships

https://www.remarkgroup.com/en/insights/three-big-trends-in-the-us-life-insurance-market-for-2022

Some of our states and counties for leads.