Total Cash-Value Life Insurance Wealth Held by U.S. Households
$2.16T
Q4 2024
Source: Federal Reserve Z.1 Financial Accounts · Households and nonprofits, life insurance reserves at level, Q4 snapshots, 1990–2024
Individual Life Insurance Policies in Force
134M
2024
Source: ACLI Life Insurers Fact Book · Individual life insurance policies in force (all types), 1990–2024
Average Face Value per Individual Life Policy
$105K
2024
Source: ACLI Life Insurers Fact Book · Average face amount per individual policy (face amount ÷ policies in force), 1990–2024
Household Participation: Cash Value vs. Any Life Insurance
16.1%
2022
Source: Federal Reserve, Survey of Consumer Finances · Percent of families with cash value life insurance (triennial, 1989–2022) and any life insurance (1998–2019)
Mean and Median Cash Value Among Holders
$55,270
2022
Source: Federal Reserve, Survey of Consumer Finances · Mean and median cash value among holding families (triennial, 1989–2022, in 2022 dollars)
Key Data
Summary metrics on U.S. life insurance cash value, policy counts, participation rates, and household holdings.
| Metric | Value | As Of | Source |
|---|---|---|---|
| Total Life Insurance Reserves (Fed Z.1) | $2.16 Trillion | Q4 2024 | Fed Z.1 |
| Individual Policies in Force | 134 Million | 2024 | ACLI |
| Average Face Value per Policy | $105,000 | 2024 | ACLI |
| Total Face Amount in Force | $14.1 Trillion | 2024 | ACLI |
| Families with Cash Value LI | 16.1% | 2022 | Fed SCF |
| Families with Any Life Insurance | 59.4% | 2019 | Fed SCF / ACLI |
| Mean Cash Value (Among Holders) | $55,270 | 2022 | Fed SCF |
| Median Cash Value (Among Holders) | $9,700 | 2022 | Fed SCF |
| Total Life Insurance in Force | $22 Trillion | 2024 | ACLI |
| Americans with Life Insurance | ~51% | 2025 | LIMRA |