BURIAL INSURANCE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Burial Insurance Market, By Insurance Coverage (Level Death Benefit, Guaranteed Acceptance, and Modified or Graded Death Benefit), By Premium Payment Type (Monthly, Quarterly, and Annually), By Customer Age Group (Over 50, Over 60, Over 70, and Over 80), By Distribution Channel (Direct Sales, Insurance Brokers, and Online Platforms), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In April 2024, New York Life Insurance, a life insurance company, acquired a minority stake in Fairview Capital, a prominent private equity and venture capital firm. This strategic investment aims to enhance Fairview's growth prospects, including a planned US$ 1 billion initiative to address the wealth gap in underserved and undercapitalized communities.
On February 28, 2022, Fidelity Life, a term life insurance company, acquired Westpac Life, a flexible saving account for USD 233.4 million. renaming it Fidelity Insurance. Under a 15-year deal, Westpac NZ will distribute Fidelity Insurance products to its retail clients.
In February 2020, Canadian Premier Life Insurance Company agreed to acquire the Canadian life insurance business of U.S.-based Western & Southern Financial Group, marketed under the Gerber Life brand. This acquisition aligns with Canadian Premier's strategy to expand its operations into additional insurance sectors.
In July 2020, Nassau Financial Group, L.P. financial services company acquired Foresters Life Insurance and Annuity Company, fulfilling its commitment to maintain the independent Foresters branch and utilize mission-driven organizations to drive the growth of its U.S. insurance business.