Average Term Life Premium Falls: Milliman Survey

February 19, 2020 by Allison Bell

U.S. term life buyers might be spending a little less on term life insurance and getting less coverage for each dollar spent.

Milliman has published data supporting that possibility in a summary of results from a survey of 28 companies that sell individual term life insurance in the United States.

The full report includes more than 100 figures, with figures covering topics such as overall level of mortality, use of simplified issue underwriting, and 10-year term sales commissions and marketing allowables.

An executive summary puts data from a few of the figures in front of the Milliman paywall.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on February 17, 2020 by Allison Bell.