LIMRA: Life premiums up 6% year-to-date

September 5, 2013 by Warren S. Hersch

Individual life premium grew 4 percent in the second quarter, resulting in a 6 percent increase for the first half of 2013, according to LIMRA’s latest individual life insurance sales survey.

Policy count, which had been increasing slightly over the last two years, continued to decline in the second quarter, down 2 percent for the quarter and 3 percent for the first half of the year, the report states.

“While every product line recorded positive growth in the second quarter and year-to-date, indexed universal life and whole life products were the biggest drivers of overall growth in the first half of 2013,” says Ashley Durham, senior analyst, LIMRA Insurance Research. Click here to read…

Originally Posted at LifeHealthPro on September 5, 2013 by Warren S. Hersch.