New U.S. sales of non-variable, individual life insurance coverage were soft in the first quarter, according to new insurer survey data from Wink Inc.
The firm now tracks sales of three types of life insurance: indexed life insurance, universal life insurance, and whole life.
Combined sales of those three types of products fell to $1.8 billion in the latest quarter, from 7.3% from the total for the first quarter of 2018.
(Related: Indexed Life Sales Keep Growing: Wink)
Sales of indexed life increased 1%, year-over-year, to $491 million.
Sales of whole life fell 2.8%, to about $1 billion.