LIMRA says annualized premiums from new individual U.S. life insurance policy sales were a little higher in the third quarter than in the third quarter of 2018.
Annualized premiums from new individual policy sales were up about 2%.
(Related: Life Policy Sales Fell Again: LIMRA)
That compares with a year-over-year increase of about 0.5% in the second quarter.
The total amount of coverage sold in the third quarter was about 4% higher than in the year-earlier quarter.
The number of new policies was down 3%, year-over-year.
Even though the number of people covered by new policies fell in the third quarter, the rate of decrease looks better than it did in the second quarter: In the second quarter, the number of new policies sold dropped 5%, year-over year.