U.S. Group Level Term Insurance Market Overview
The U.S. group level term insurance market was valued at USD 7.32 billion in 2024 and is projected to reach USD 10.57 billion by 2030, expanding at a CAGR of 6.5% from 2025 to 2030. This growth is driven by several key factors, including the rising need for financial security among employees, increasing healthcare costs, employer-sponsored benefit programs, and a growing aging population.