Life insurance companies primarily offer annuities, pension products, and life insurance. They profit by calculating the policy premiums with the aim to recoup claims that need to be paid, administrative costs, and of course a profit. Insurance premiums are calculated using mortality tables, which have three main variables. These three variables, age, gender, and use of tobacco have the greatest effect on insurance premiums. Using mortality tables, actuaries have a guideline for the total cost of insurance and the premiums that should be charged. Additionally, the health and family history of applicants for an insurance policy must also be considered when determining premiums.

Some of the top insurance companies in the US include Allstate, Amica, CapitalOne, Farm Bureau Insurance, Farmers Insurance, Geico, Liberty Mutual, Nationwide Insurance, State Farm Mutual Automobile Insurance Company.

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