Peter Orszag: The Decline Of Life Insurance Is A Mystery, Financial Advisor

Life insurance has been steadily declining in popularity in the United States for decades. In 1965, Americans bought a total of 27 million policies, whether individually or through their employers. In 2016, with a population double that in 1965, Americans bought the same number of policies. The reasons for this decline are somewhat enigmatic and seem to defy behavioral expectations.  

See Peter Orszag, Peter Orszag: The Decline Of Life Insurance Is A Mystery, Financial Advisor, February 27, 2018.