West Virginia Life Insurance Information


Get life insurance information on your state provided by The Insurance Loft and the Bureau of Labor Statistics.

In 2012 West Virginia residents purchased 5 billion dollars in individual Life Insurance policies amassing more than $2 Billion in benefits for policy-holders.

The total amount of life insurance owned by West Virginia residents is estimated at $104 Billion.  More than 949000 residents of West Virginia own policies.  On average the coverage per policy-holder is $57,000. 

View the comparison chart to learn the difference between Term Life, Whole Life and Universal coverage.

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Bureau of Labor Statistics, U.S. Department of Labor, National Compensation Survey, March 2013.
Sources: ACLI calculations based on National Association of Insurance Commissioners (NAIC) 2012 annual statement data; U.S. Bureau of Economic Analysis, 2012 data; U.S. Census Bureau, 2012 data; U.S. Bureau of Labor Statistics, 2012 data; and U.S. Treasury Department, 2012 data.

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