Individual Life Combination Premium Grows 18% In 2017

June 21, 2018 by LIMRA

WINDSOR, Conn., June 21, 2018 – Total new premium for life combination products (which combine life insurance with long-term care or chronic illness coverage) increased 18 percent to $4.1 billion in 2017, according to LIMRA’s 2017 Individual Life Combination Products Annual Review. This is the third consecutive year of premium growth.

Life combination product market share of individual life insurance premium has increased 10 percentage points over the last two years and represents 25 percent of total new U.S. life insurance premium in 2017.

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Originally Posted at InsuranceNewsNet on June 21, 2018 by LIMRA.