Indexed and variable universal life sales highlighted a year that saw modest life insurance sales growth as LIMRA, WINK release final 2018 figures.
U.S. life insurance new annualized premium increased 3% in the third quarter 2018, according to the latest LIMRA U.S. Retail Individual Life Insurance Sales Survey, released Nov. 29. Driven by strong indexed universal life (IUL) sales, this is the second consecutive quarter of positive growth.
While total life insurance new annualized premium was flat in the first half of the year, indexed universal life propelled U.S. individual life insurance new premium to grow 2% in 2Q, according to the latest LIMRA data.
Strong fourth quarter bolsters increase according to latest Wink report; Pacific Life retains the top spot in indexed life sales, with an 18.5% market share.
This powerful policy-funding strategy for HNW clients is currently underutilized – which means there’s a big opportunity for advisors to step in and help.
New products bring increased flexibility to Allianz Life FIUL offerings, help address holistic planning needs.
LIMRA forecasts U.S. individual life insurance sales to grow slowly but relatively steady over the next several years, with overall new annualized premium predicted to grow 2% in both 2018 and 2019.
Total third quarter non-variable universal life sales were over $1,012 million, according to the 81st edition of Wink’s Sales & Market Report, released on Nov. 16. Pacific Life was the top selling carrier in the quarter and had the top-selling product.
Indexed Universal Life insurance policy sales – already on track for a record-setting year in 2017 – figure to get an additional boost from a trio of new IUL products that were introduced to the market recently.
Indexed life sales in the first quarter of 2017 were higher than any 1Q ever, says Sheryl Moore in the latest edition of Wink's Sales & market Report.
12Page 1 of 2