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Life Insurance paid to Beneficiaries:
The main purpose of Life Insurance is to provide financial protection to those who will potentially suffer a financial loss at the death of the person who is insured. The latest US Census report shows that with the help of Life Insurance, approximately 58 billion dollars ($58,000,000,000) in death benefits were paid to beneficiaries at the loss of a loved one or individual in 2007.  If you would like to read the full report, visit www.census.gov/compendia/statab/2010/tables/10s1184.pdf or www.census.gov/compendia/statab/cats/banking_finance_insurance/insurance.html.

Property and Casualty Insurance:
Consumers paid an estimated 216.8 billion dollars ($216,800,000,000) in combined Automobile Insurance and Home Owner Insurance Premiums, according to a report provided by the US Census, for the year 2007 as compared to a slightly less 216.3 billion in 2006.  For more information, check out the report at www.census.gov/compendia/statab/2010/tables/10s1185.pdf or www.census.gov/compendia/statab/cats/banking_finance_insurance/insurance.html.

Life Insurance In-Force and Purchases in the United States:
The number of “in-force” Life Insurance policies are now estimated to be 374 billion and providing almost 3 trillion dollars ($2,994,000,000,000) in Life Insurance protection.  This is a result from a reported 30,788,000 policy purchases. This information can be found in the US Census statistics for 2007. To see the full report, go to www.census.gov/compendia/statab/2010/tables/10s1183.pdf or www.census.gov/compendia/statab/cats/banking_finance_insurance/insurance.html.