What percentage of life insurance policies is held by mutual life insurance companies?

Mutual life insurance companies are owned by their policyholders, and they typically focus on providing benefits to those policyholders rather than prioritizing shareholder profits. As of the latest data, mutual life insurance companies hold a significant share of the overall life insurance market, and the percentage of life insurance policies held by these carriers is often reported to be around 5%. This figure reflects the competitive nature of the life insurance industry, where stock companies and non-profit entities also have considerable market presence.

Policyholders may choose mutual companies for their potential for dividends and a client-focused approach, but the share of life insurance policies held by mutual life insurance companies is relatively smaller compared to other types of insurance entities, like stock life insurance companies. This context provides insight into the structure of the life insurance market and the varying roles of different company types within it.