U.S. indexed life insurance sales increased to $575 million for the fourth quarter of 2017, up 7.6% from the total for the fourth quarter of 2016, according to analysts at Wink Inc.
Indexed life sales for all of 2017 rose 6.1%, to $1.9 billion.
Wink has published those figures in a summary of results from an industry survey. Sixty-four life insurers participated in the survey.
The Des Moines, Iowa-based firm recently expanded its survey report program for U.S. sales of individual life products other than indexed life, and it does not yet have year-over-year comparisons available for non-indexed products.
In the latest quarter, sales of non-variable universal life amounted to $1 billion, sales of fixed universal life amounted to $474 million, and sales of whole life amounted to $1.2 billion, according to Wink data.
Pacific Life ranked first in terms of market share in the U.S. indexed life market for all of 2017, with a share of about 15% share, Wink says. The company’s indexed life sales were 58% higher than in 2016.
— Read Variable Universal Life Premiums Climb 17%: LIMRA on ThinkAdvisor.