Individual life sales down 7%
June 13, 2014 by Emily Holbrook
The life insurance industry received some upsetting news today. According to LIMRA, total individual life insurance new annualized premium fell seven percent in the first quarter 2014.
In its Retail Individual Life Insurance Sales Report, points to universal life sales as the culprit for the drop. “The decline is being driven by the drop in universal life sales – particularly guaranteed universal life, which fell 48 percent,” said Benjamin Baldwin, associate analyst, LIMRA Insurance Research.
Originally Posted at LifeHealthPro on June 11, 2014 by Emily Holbrook.
Categories: Industry Articles
