Independent Research. Actionable Insights.

Data-driven analysis of life insurance market trends to empower industry professionals.

IARI (Insurance Agent Research Institute) is an independent, data-driven research firm focused on the life insurance industry. We study market trends, consumer behavior, and the evolving role of agents to provide unbiased insights that help life insurance professionals and stakeholders make informed decisions. Our team analyzes industry data and conducts rigorous surveys to uncover emerging patterns and opportunities in the life insurance market.

Our mission is to be the trusted source for objective research on life insurance trends. From the impact of digital sales channels to shifting consumer preferences, IARI shines a light on the topics that matter. We share findings through in-depth reports, interactive data visualizations, and expert commentary—delivering knowledge that informs strategy and drives innovation in the industry.

Mission Statement

At the Insurance Agent Research Institute (IARI), we provide data-driven insights into the life insurance marketplace. Our mission is to analyze the evolving trends in distribution, agent strategies, and consumer purchasing behavior to support a stronger and more efficient industry.

Our Approach

Independent Research

Industry Insights

Collaboration

Who Uses Our Research

Life Insurance Companies

Agencies & Brokerages

Financial Professionals

Industry Analysts

Research & Insights

Topics We Cover

Life Insurance Consumer Trends

How and why people are purchasing life insurance.

Distribution & Sales Models

The evolution of agent-based and digital sales.

Agent & Broker Performance

Industry benchmarks and best practices.

Technology & Insurtech Disruption

The role of automation and AI in distribution.

Regulatory & Compliance Changes

How new laws are affecting the industry.

Latest Blog Posts

What Do Your Taxes Pay For?

Tax

July 14, 2024•1 min read

Taxes are one of the biggest budget items for most taxpayers, yet many have no idea what they’re getting for their money.

The average household spends more on taxes than on groceries, clothing, or healthcare. In fact, 11% of our income, on average, goes to personal income taxes, which doesn’t include sales tax, property tax, Social Security payments, or Medicare payments. So what do we get in return?1

The accompanying chart breaks down the $9.3 trillion in federal spending for 2023 into major categories. One of the biggest categories is Social Security, which consumes 15% of the budget. Defense and related items take 14% of the budget, and 14% goes to Medicare.2

Are taxes one of your biggest budget items? Take steps to make sure you’re managing your overall tax bill. Please consult a tax professional for specific information regarding your individual situation.

Pieces of the Federal Pie

Nearly half of 2023 federal spending was used for Social Security, Medicare, defense, and related programs.

Source: USASpending.gov, 2024

1. ValuePenguin.com, January 10, 2024
2. USASpending.gov, 2024

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2024 FMG Suite.

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