Looking to promote mass-market products with tons of passive income potential? Insurance affiliate programs are hard to beat.
The global insurance market is huge. And it’s still growing. The industry is expected to increase at a compound rate of 6% from 2021 to 2025, by which time it will be worth a massive $6.4 trillion. That’s higher than the GDP of any country other than the US and China.
Speaking of the US, Americans famously spend a big chunk of their earnings on insurance products. According to one analysis, the average American spends over $10,000 yearly on insurance, equivalent to about 14% of their income. Health insurance is comfortably the most expensive form of coverage, accounting for 59% of an individual’s insurance expenses, followed by:
- Auto insurance (16% of insurance outlay)
- Homeowners insurance (14%)
- Life insurance products (10%)
Given the…