In 2025, more than 100 million Americans remain uninsured or underinsured when it comes to life insurance, according to the latest LIMRA Insurance Barometer Study. This gap leaves millions of families financially vulnerable and highlights the ongoing need for accessible, economical, and better-understood life insurance solutions.
Understanding the Barriers
The reasons behind this coverage gap are varied, but several key challenges stand out. One of the most common, is the misconception about cost. Many individuals, especially younger adults, significantly overestimate the price of life insurance. This misunderstanding often leads them to delay or avoid purchasing coverage altogether.
Other barriers include various competing financial priorities, confusion about how much coverage is needed, and a general lack of awareness about the different types of policies available. For many, the process of buying life insurance feels overwhelming or out of reach, especially without trusted guidance.
The Real-World Impact of Being Uninsured
Without adequate life insurance, families may struggle to cover funeral expenses, replace lost income, or maintain their standard of living after the death of a loved one. This financial strain can be especially difficult for working families who may not have access to employer-sponsored benefits or significant savings.
How Amalgamated Life Insurance Company Is Closing the Gap
Amalgamated Life has been serving working people and their families for over 80 years. With deep roots in the labor movement and a strong union heritage, the company understands the unique needs of union members and the broader workforce. Our mission has always been to provide high-quality insurance products and services that offer real protection and peace of mind for working people and their families.
To help close the life insurance gap, Amalgamated Life focuses on three key strategies:
- Affordable and Flexible Coverage Options: Amalgamated Life offers group life insurance plans that are competitively priced and designed to meet the needs of diverse workforces. These plans are available through employers and unions, making it easier for individuals to access coverage. For those who change jobs or retire, portable insurance options allow them to maintain their protection without interruption, as long as premiums are paid.
- Education and Simplicity: Our company works closely with employers, unions, and benefit administrators to educate their employees or members about the importance of life insurance. By simplifying the language around coverage options and making the enrollment process straightforward, Amalgamated Life empowers individuals to make informed decisions with confidence.
- Meeting People Where They Are: Whether through workplace enrollment, digital tools, or personalized support, Amalgamated Life ensures that people can access the coverage they need in a way that fits their lives. The company’s solutions are designed to integrate seamlessly into existing benefit programs, making life insurance a natural and accessible part of the employee experience.
A Legacy of Service and Innovation
Amalgamated Life’s commitment to working people goes far beyond insurance products. We continue to invest in technology and service enhancements that make it easier for members to manage their coverage and get the support they need. Our strong union heritage creates a culture of advocacy, trust, and long-term partnerships with the communities we serve.
Looking Ahead
The 2025 LIMRA study shows that many Americans want life insurance but need help navigating the process. Amalgamated Life is uniquely positioned to meet this need. By offering competitive, flexible, and portable coverage, and by prioritizing education and support, we are helping to close the life insurance gap and protect more working families from financial uncertainty.
As the world becomes more complex, Amalgamated Life remains focused on a simple but powerful goal: to provide financial security and peace of mind to the people who need it most.