LIMRA says the number of new individual U.S. life insurance policies sold continued to drop in the second quarter.
Annualized premiums from new policies increased somewhere between 0% and 0.5%, when compared with the total for the second quarter of 2018. But the number of new individual policies sold fell 5%.
(Related: Life Policy Sales Fell 3%: LIMRA)
In the first quarter, the number of policies sold was 3% lower.
LIMRA bases the life sales figures a life insurer survey. The participating insurers represent about 80% of U.S. individual life sales.
The summary available to the general public does not provide the data on the actual policy counts or premium totals.