The global demand for Final Expenses Insurance Market is presumed to reach the market size of nearly USD 241.45 BN by 2030 from USD 129.29 BN in 2022 with a CAGR of 8.12% under the study period 2023 - 2030.
Final expense insurance (burial insurance or funeral insurance) is a specialized form of life insurance that focuses on providing coverage for the expenses related to a person's final arrangements after their death. This type of insurance policy is specifically designed to address the costs associated with funeral services, burial or cremation, medical bills, and other related expenses. Its purpose is to offer financial support to the deceased individual's loved ones during a challenging time and ensure that the burden of these final expenses is eased.
Rising funeral costs play a significant role as individuals seek financial assistance to cover these expenses. The ageing population is also driving the market, with more people realizing the need to plan for end-of-life expenses. Limited savings and the ease of obtaining coverage are driving factors, as many individuals lack dedicated funds for funeral and burial expenses. Final expenses insurance provides a solution by bridging this financial gap. The emotional and financial support it offers to loved ones during a difficult time is another driving factor. Customized policy options allow individuals to choose coverage amounts and additional benefits that suit their needs. Increasing consumer awareness of the importance of planning for end-of-life expenses has led to a growing interest in Final expenses insurance. Effective marketing and distribution channels further contribute to the market's growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of final expenses insurance. The growth and trends of final expenses insurance industry provide a holistic approach to this study.
This section of the final expenses insurance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Application
By Age Group
This section covers the regional outlook, which accentuates current and future demand for the Final Expenses Insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the final expenses insurance market include Chubb, Prudential Financial Inc, Allianz, MetLife Services and Solutions LLC, Reliance Nippon Life Insurance Company Limited, AXA, Liberty Mutual Insurance, Zurich, Aviva, Allstate Insurance Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . FINAL EXPENSES INSURANCE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Age Group
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL FINAL EXPENSES INSURANCE MARKET ANALYSIS BY TYPE
5.1 Overview by Type
5.2 Historical and Forecast Data
5.3 Analysis by Type
5.4 Permanent Historic and Forecast Sales by Regions
5.5 Non-Permanent Historic and Forecast Sales by Regions
6 . GLOBAL FINAL EXPENSES INSURANCE MARKET ANALYSIS BY APPLICATION
6.1 Overview by Application
6.2 Historical and Forecast Data
6.3 Analysis by Application
6.4 Agency Historic and Forecast Sales by Regions
6.5 Brokers Historic and Forecast Sales by Regions
6.6 Bancassurance Historic and Forecast Sales by Regions
6.7 Digital & ...