Top Term Life Insurance Companies

Rank

Group

Total amount of death benefits

Number of policies issued (thousands)

Average death benefit amount

Number of policies in force(thousands)

Individual term life insurance death benefits

($ billions)

($ billions)

1

AIG Life Group

$139.70

453.8

$307,844.90

3,424.30

$463.90

2

Citigroup

87.3

314.6

277,495.20

4,450.70

558.9

3

Northwestern Mutual

68.9

121.4

567,545.30

1,165.30

457.3

4

State Farm

59.1

324.6

182,070.20

2,567.40

357.8

5

Protective Life

57.8

124.7

463,512.40

613.9

240.5

6

GE Global Ins

56.2

137.6

408,430.20

10,428.60

898.2

7

AEGON USA Group

54.8

158.2

346,397.00

9,927.90

843.4

8

New York Life Group

47.8

99.1

482,341.10

709.4

229.7

9

Prudential of America Group

47.2

85.2

553,990.60

2,195.70

388.6

10

Allstate Financial

43

101.2

424,901.20

1,427.90

320.4

11

Metropolitan Life Group

38.5

73

527,397.30

23,708.00

1,484.60

12

AXA Financial Group

33.4

65

513,846.20

5,356.20

215.9

13

USAA

30.6

71.1

430,379.70

543.1

159

14

Lincoln National Group

29.3

61.3

477,977.20

7,053.20

708.9

15

Old Mutual US Life Holdings

27.3

144.2

189,320.40

468.1

63.9

16

Manulife Financial

26.4

36.2

729,281.80

7,086.20

297.9

17

AFLAC

16.7

162.2

102,959.30

488.7

65.1

18

MassMutual Financial

15.4

27

570,370.40

250.6

112.4

19

Pacific Life Group

12.8

2.1

6,095,238.10

214.7

74.5

20

ING USA Life Group

10.7

19.3

554,404.10

9,619.70

796.5

21

Phoenix

9.8

8.6

1,139,534.90

80

57.2

22

Ameriprise Financial Group

9.5

21.6

439,814.80

184.1

44.6

23

Torchmark (Liberty National)

8.9

317.7

28,013.80

1,363.50

43.8

24

Hartford Life Group

8.1

18.7

433,155.10

329.1

69.7

25

Nationwide Financial

7

19.2

364,583.30

207.8

44.8

25

Guardian Life

7

6.4

1,093,750.00

2,651.80

52

Source: NAIC Annual Statement Database, via National Underwriter Insurance Data Services/Highline Data.