2013WISCONSINFACTS Life Insurers & Your State OHIO
PROTECTION
$510 BILLION
Life insurers protect Wisconsinites
r
3 MILLION
$26 BILLION
individual life insurance policies (avg. policy: $105,000)
individual life insurance coverage purchased in 2011
rs
$179 BILLION
$8 BILLION
group life Insurance coverage as of 2011
$
$
$
$
life insurance benefits 1 paid to Wisconsinites in 2011
$2 BILLION annuity benefits paid to Wisconsinites in 2011
EMPLOYMENT
51,000 JOBS
Life insurers employ Wisconsinites
The life insurance industry directly employs
22,000
Wisconsinites
The life insurance industry supports
29,000 Wisconsinites
in non-insurance jobs
461
26
life insurers
licensed to
life insurers
do business
domiciled in WI
in WI
INVESTMENTS
$72 BILLION
Life insurers invest in Wisconsin’s economy
$60 BILLION invested in 2 STOCKS & BONDS
$453 MILLION invested in REAL ESTATE
$2 BILLION provided in 3 MORTGAGE LOANS
$784 MILLION invested in Wisconsin-related BUILD AMERICA BONDS (36% of these bonds issued)
254 MEMBER
ACLI in WISCONSIN
COMPANIES
Life & A
Life insu
nnuity
rance
PAYMEN
COVERA
91%
91%
ACLI MEMBERS
ACLI MEMBERS
91%
account for 91% of all life
TS
account for of all life & annuity payments in Wisconsin
GE
insurance coverage in Wisconsin
Sources: ACLI calculations based on National Association of Insurance Commissioners (NAIC) 2011 annual statement data; U.S. Bureau of Economic Analysis, 2011 data; U.S. Census Bureau, 2011 data; U.S. Bureau of Labor Statistics, 2011 data; and U.S. Treasury Department, 2011 data. 1
payments in the form of death benefits, matured endowments, policy dividends, surrender values, and other payments.
2
these help finance business development, job creation, and services in the state.
3
includes farm, residential, and commercial properties.