Whole life, term, drive life premium and policy growth in Q2, LIMRA finds

August 8, 2023 by Staff Reports

Life insurance premium reversed three straight quarters of declining growth, LIMRA reported, with $4.04 billion in new premium in the second quarter, a 2% increase.

Even better, preliminary results from LIMRA’s U.S. Retail Individual Life Insurance Sales surveys and estimates also show an increase in policies sold.

“Overall, whole life and term products recorded the highest premium growth, propelling the positive results this quarter,” said John Carroll, senior vice president, head of Life & Annuities,

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Originally Posted at InsuranceNewsNet on August 1, 2023 by Staff Reports.