Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Individual Life Sales Show Mixed Results

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

Solid universal life production helped U.S. individual life sellers increase new annualized premiums 1% between the first quarter of 2007 and the first quarter of 2008.

Researchers at LIMRA International, Windsor, Conn., have based that figure on results from a survey of 78 insurers.

LIMRA is publishing percentage change statistics but is not publishing the dollar value of individual life sales.

UL insurance accounts for about 42% individual life sales, and premium volume for that product was up 8% during the first quarter, LIMRA says.

New annualized premium levels were down 1% for whole life, 3% for term life, 6% for variable universal life, and 26% for variable life, LIMRA says.

The total value of coverage purchased was about the same in the first quarters of 2007 and 2008.

The value of the death benefits sold was up 3% for whole life and 6% for universal life, but the face amount of the death benefits was down 1% for term life, 5% for VUL policies, and 18% for VL policies.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.