How Life Insurance Sales Defied Expectations

February 1, 2022 by Mary Beth Ramsay

Over the past decades, the U.S. life insurance industry has been known for its slow growth compared to other financial sectors such as banking and investments. But now, the signs are finally pointing up. According to LIMRA:

• Life insurance sales increased by about 3% in 2020, a higher rate than any annual growth rate over the last 10 years.
• U.S. life insurance new annualized premiums grew 18% in the third quarter of 2021. That was the third straight quarter of double-digit growth and the highest growth rate since the third quarter of 2007

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Originally Posted at InsuranceNewsNet on January 27, 2022 by Mary Beth Ramsay.