The analysis of the Lithuanian life insurance market

Abstract

Nowadays everyone want to have a stable financial situation and to ensure a good financial future for yourself and every family member. It is necessary to manage personal finance and to protect the funds from the expected loss by signing the life insurance contract. However, the insurers have insufficient information about insurance contracts and this has a negative impact on the country's life insurance market development. The object of this article is the Lithuanian life insurance market. The objective of this article – to analyze and assess the Lithuanian life insurance market situation. Here are also the main tasks: to analyze and assess the theoretical aspects and features of life insurance, to analyze the situation in the Lithuanian life insurance market. In the article, these methods of research are used: analysis of the scientific literature, theoretical and practical statements matching method, statistical data analysis.