New Individual Life Insurance Premium Up In First Half Of 2017
September 25, 2017 by N/A
WINDSOR, Conn., Sept. 25, 2017 — U.S. Individual life insurance new annualized premium increased 4 percent for the first half of 2017, compared with the first six months of 2016. In the second quarter, new annualized premium increased 3 percent, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey.
“All major product lines experienced annualized premium growth during the first half of 2017,” said Ashley Durham, associate research director, LIMRA Insurance research. “While whole life led the way in terms of absolute dollar growth during the first half of the year, indexed universal life was the primary driver during the second quarter.”
In the second quarter, total policy count fell 4 percent; policy count dropped 3 percent in the first half of the year.
Click HERE to read the full story via INN; subscription required.
Click HERE to view additional life insurance sales results from industry authority, Sheryl J. Moore.
