You have asked a very specific question, and I am pleased to be able
to give you a very specific and prompt answer.
According to an article in the May 15, 2002 Wall Street Journal,
"[i]ndividuals age 65 and over have a total of $492 billion of life
insurance in force."
What Matters For Life: Selling Your Life Insurance: Good Policy?, by
Lynn Asinov, Wall Street Journal, May 15, 2002.
The primary source for the Wall Street Journal's information is a
study by Conning & Co.
Conning & Co. is a preeminent asset manager for fixed income
securities for large institutional investors, and is also a large
provider of proprietary insurance-related research. Here is a link to
Conning & Co.
Further testimony to the reliability and currency of the information
is that the figure is also cited at the website of Elder Life
Planning, a prominent source of support for caregivers to the elderly.
Here are links to the quote on that cite and to the "About Us" page
of the organization:
Elder Life Planning: About Us
"Currently, there is approximately $492 billion of life insurance in
force for people over 65 years of age. Nearly one quarter, or $108
billion, is available for life settlements."
Elder Life Planning: "New Value NOW in Old Policies"
I used a a variety of Google searches in seeking the information. The
following search terms were successful in finding it for you and
giving me confidence that there is no contrary online information.
"life insurance" policies "in force" 65 total million
Based on the specificity and clarity of your question, I am confident
that this is exactly the information you are seeking. If anything is
unclear, please ask for clarification before rating the answer.