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.
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.