Life Insurance & Annuities in Illinois
Over the five years to 2017, the Life Insurance and Annuities industry in Illinois has exhibited healthy growth in line with growing demand. For example, per capita disposable income in Illinois has trended upward as the state economy has grown. As a result, Illinoisans have benefited from greater income to spend on discretionary expenses, including life insurance and annuities. The industry is also anticipated to strengthen over the five years to 2022 as demand for industry products and services grows. Illinoisans will have additional income to spend on life insurance and annuities, augmenting industry revenue.
Operators within this industry are primarily engaged in accepting liability under annuities and life, disability income and accidental death and dismemberment insurance policies in Illinois. Enterprises within this industry include fraternal organizations, privately held insurers, publicly traded insurers and mutual insurance companies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.