In 2024, the forecasted net business for individual life insurance in the US is approximately 13.021 trillion USD, growing steadily to 13.413 trillion USD by 2028. This represents a consistent annual increase, marked by a year-on-year growth of approximately 0.77% between each consecutive year. The Compound Annual Growth Rate (CAGR) over this five-year period is modest, reflecting steady, incremental growth in the sector.

Future trends to watch for include:

Advancements in technology, which may influence underwriting processes and risk assessments.
Changing demographics, such as aging populations, may alter demand for different life insurance products.
Economic factors, including interest rates, could affect pricing and investment returns.