In a new report, titled “Opportunities in Reaching the Middle Market with Life Insurance,” Conning estimates the middle market life insurance protection gap to be $10.2 trillion — a 56% increase when compared to the firm’s last study of the middle market in 2006. The total protection gap across all income brackets has more than doubled.
According to Conning, the inflamed gap stems largely from demographic trends, including a 4.7% population increase between 2005 and 2009. However, individual life insurance, at best, has only kept pace with inflation, Conning notes.
