Two More Insurers Jump Into Expanding IUL Pool

March 21, 2017 by Cyril Tuohy

The addition of new indexed universal life products from two carriers is helping fuel a strong IUL market after an 18-month pause in sales as companies revamped their lineups.

IUL sales, measured by premium revenue, rose to a record $1.86 billion in 2016, according to Wink’s Sales & Market report which tracks the industry. But that increase was only a sliver above 2015 totals.

Boston-based John Hancock earlier this month announced the launch of a new Accumulation IUL product series that features a simple design linked to several indexed account options, including the Hong Kong market index Hang Seng.

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Originally Posted at InsuranceNewsNet on March 21, 2017 by Cyril Tuohy.