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Indexed Life Sales Keep Growing: Wink

By Allison Bell

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U.S. sales of indexed life insurance continued to grow in the fourth quarter of 2018, according to new data from Wink Inc.

Indexed life sales increased to $617 million, up 7.3% from the total recorded in the fourth quarter of 2017.

(Related: Wink Posts the Rest of the Annuity Sales Increase Story)

For all of 2018, indexed life sales climbed 11%, to $2.2 billion.

Wink has published the new indexed life sales data in a summary of results from a survey of issuers.

The Des Moines, Iowa-based firm says sales of traditional universal life fell to $349 million in the latest quarter, down 26% from the total for the year-earlier quarter.

Sales of whole life fell 2.5%, to $1.2 billion.

Another organization, LIMRA, also conducts a life insurance sales survey, with somewhat different product categories and a somewhat different list of participating issuers.

LIMRA is reporting that new annualized premiums from whole life sales fell about 0.5% in the fourth quarter.

Resources

A link to a copy of Wink’s latest life insurance market survey report summary is available here.

— Read Q4 Indexed Life Sales Rise 7.6%: Wink…, on ThinkAdvisor.

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Allison Bell

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