Indexed Life Sales Keep Growing: Wink
Sales of whole life and traditional universal life edged lower.
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.
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