Total individual universal life insurance sales decreased 31% between 2017 and late 2019 , while indexed universal life (IUL) sales increased 16% during the same time period, according to a new study by Milliman.
Recent Universal Life Insurance News
Total U.S. individual life insurance new annualized premium increased 2% in the third quarter, compared with prior year results, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey.
The National Association of Independent Life Brokerage Agencies, (NAILBA), announced Hall of Fame NFL Quarterback Jim Kelly and former U.S. Secretary of Homeland Security and White House Chief of Staff General John Kelly will headline NAILBA 38 in Dallas later this year.
Move seen as bad news for RIAs, but company memo says the firm’s much bigger annuity business will be unaffected by the strategic decision.
Wink’s Sales & Market Report says 2017 CSO requirements are hitting the industry hard, with UL and indexed life sales dropping more than 20% from the previous quarter.
Indexed and variable universal life sales highlighted a year that saw modest life insurance sales growth as LIMRA, WINK release final 2018 figures.
New and continuing leadership for Board of Directors at association and its charitable foundation formally announced.
“Living Benefits Awareness Month” created by Alliance Group to educate consumers on the importance of owning living benefits life insurance and how it can protect them in the event of an illness.
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.
This marks the third consecutive quarter of declines in new annualized life insurance premium as a 19% drop in fixed universal life sales during the first three months of this year drag down sales totals.