Global Final Expense Insurance Supply, Demand and Key Producers, 2026-2032
Description
The global Final Expense Insurance market size is expected to reach $ 242690 million by 2032, rising at a market growth of 1.9% CAGR during the forecast period (2026-2032).
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 $50,000.
Global Final Expense Insurance key players include Allianz, AXAm, Generali, Ping An Insurance, China Life Insurance, etc. Global top five players hold a share about 26%. North America is the largest market, with a share about 36%, followed by Europe and APAC, both have a share over 54 percent. In terms of product, Permanent is the largest segment, with a share over 71%. And in terms of application, the largest application is Permanent, followed by Non-Permanent, etc.
Final Expense Insurance Market Drivers
Aging Population: The increasing elderly population, particularly in developed regions like North America and Europe, is a primary driver. As people age, the need for financial planning to cover end-of-life expenses, such as funeral costs and medical bills, becomes more pressing, boosting demand for final expense insurance.
Rising Funeral Costs: The cost of funerals and related services has been steadily rising, making it difficult for many families to afford these expenses out-of-pocket. Final expense insurance provides a financial safety net, ensuring that these costs are covered without burdening loved ones.
Increased Awareness: Growing awareness about the importance of end-of-life financial planning is driving market growth. Educational campaigns by insurers and financial advisors are helping consumers understand the benefits of final expense insurance, leading to higher adoption rates.
This report studies the global Final Expense Insurance demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for Final Expense Insurance, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Final Expense Insurance that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Final Expense Insurance total market, 2021-2032, (USD Million)
Global Final Expense Insurance total market by region & country, CAGR, 2021-2032, (USD Million)
U.S. VS China: Final Expense Insurance total market, key domestic companies, and share, (USD Million)
Global Final Expense Insurance revenue by player, revenue and market share 2021-2026, (USD Million)
Global Final Expense Insurance total market by Type, CAGR, 2021-2032, (USD Million)
Global Final Expense Insurance total market by Age Bracket, CAGR, 2021-2032, (USD Million)
This report profiles major players in the global Final Expense Insurance market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Allianz, AXA, Generali, Ping An Insurance, China Life Insurance, Prudential PLC, Lincoln National Corporation, Zurich Insurance, Nippon Life Insurance, Japan Post Holdings, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world Final Expense Insurance market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Age Bracket. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Final Expense Insurance Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Final Expense Insurance Market, Segmentation by Type:
Permanent
Non-Permanent
Global Final Expense Insurance Market, Segmentation by Age Bracket:
From 50 to 65 Years Old
From 65 to 75 Years Old
Above and Equal to 75 Years Old
Companies Profiled:
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
Key Questions Answered
1. How big is the global Final Expense Insurance market?
2. What is the demand of the global Final Expense Insurance market?
3. What is the year over year growth of the global Final Expense Insurance market?
4. What is the total value of the global Final Expense Insurance market?
5. Who are the Major Players in the global Final Expense Insurance market?
6. What are the growth factors driving the market demand?
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 $50,000.
Global Final Expense Insurance key players include Allianz, AXAm, Generali, Ping An Insurance, China Life Insurance, etc. Global top five players hold a share about 26%. North America is the largest market, with a share about 36%, followed by Europe and APAC, both have a share over 54 percent. In terms of product, Permanent is the largest segment, with a share over 71%. And in terms of application, the largest application is Permanent, followed by Non-Permanent, etc.
Final Expense Insurance Market Drivers
Aging Population: The increasing elderly population, particularly in developed regions like North America and Europe, is a primary driver. As people age, the need for financial planning to cover end-of-life expenses, such as funeral costs and medical bills, becomes more pressing, boosting demand for final expense insurance.
Rising Funeral Costs: The cost of funerals and related services has been steadily rising, making it difficult for many families to afford these expenses out-of-pocket. Final expense insurance provides a financial safety net, ensuring that these costs are covered without burdening loved ones.
Increased Awareness: Growing awareness about the importance of end-of-life financial planning is driving market growth. Educational campaigns by insurers and financial advisors are helping consumers understand the benefits of final expense insurance, leading to higher adoption rates.
This report studies the global Final Expense Insurance demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for Final Expense Insurance, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Final Expense Insurance that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Final Expense Insurance total market, 2021-2032, (USD Million)
Global Final Expense Insurance total market by region & country, CAGR, 2021-2032, (USD Million)
U.S. VS China: Final Expense Insurance total market, key domestic companies, and share, (USD Million)
Global Final Expense Insurance revenue by player, revenue and market share 2021-2026, (USD Million)
Global Final Expense Insurance total market by Type, CAGR, 2021-2032, (USD Million)
Global Final Expense Insurance total market by Age Bracket, CAGR, 2021-2032, (USD Million)
This report profiles major players in the global Final Expense Insurance market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Allianz, AXA, Generali, Ping An Insurance, China Life Insurance, Prudential PLC, Lincoln National Corporation, Zurich Insurance, Nippon Life Insurance, Japan Post Holdings, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world Final Expense Insurance market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Age Bracket. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Final Expense Insurance Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Final Expense Insurance Market, Segmentation by Type:
Permanent
Non-Permanent
Global Final Expense Insurance Market, Segmentation by Age Bracket:
From 50 to 65 Years Old
From 65 to 75 Years Old
Above and Equal to 75 Years Old
Companies Profiled:
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
Key Questions Answered
1. How big is the global Final Expense Insurance market?
2. What is the demand of the global Final Expense Insurance market?
3. What is the year over year growth of the global Final Expense Insurance market?
4. What is the total value of the global Final Expense Insurance market?
5. Who are the Major Players in the global Final Expense Insurance market?
6. What are the growth factors driving the market demand?
Table of Contents
170 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Final Expense Insurance Companies Competitive Analysis
- 4 United States VS China VS Rest of World (by Headquarter Location)
- 5 Market Analysis by Type
- 6 Market Analysis by Age Bracket
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
