Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Up and down arrows

Life Health > Life Insurance > Permanent Life Insurance

Indexed Life Insurance Sales Beat Q3 Sales Doldrums

Your article was successfully shared with the contacts you provided.

The third quarter was a better quarter for sales of indexed life insurance than for other forms of non-variable cash-value life insurance, according to new life sales survey data from Wink.

Annualized premiums from sales of indexed life insurance increased more than 10%, but sales of whole life insurance and traditional fixed universal life insurance fell, Wink analysts say.

Issuers told Wink that, for typical buyers of fixed universal life policies, the primary pricing objective was accumulating cash, rather than maximizing the death benefit.

What It Means

Some clients are accumulating cash in their life insurance policies, as well as in savings accounts, mutual funds and other financial arrangements.

The Details

Wink is a life and annuity market tracking firm based in Des Moines, Iowa. Its U.S. individual life survey figures reflect only the performance of non-variable, permanent life products, not of products such as term life or variable universal life.

Here’s how the Wink sales life numbers have changed since the third quarter of 2021:

  • Indexed life: $671 million (+11%)
  • Whole life: $1.1 billion (-0.1%)
  • Fixed universal life: $96 million (-17%)

The latest numbers are based on survey responses from 49 indexed life issuers, 73 whole life issuers and 58 fixed universal life issuers.

(Image: Shutterstock)


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.