Total U.S. life insurance new annualized premium increased 6% in the second quarter 2022, the sixth consecutive quarter of premium growth, according to LIMRA’s Second Quarter 2022 U.S. Retail Life Insurance Sales Survey. In the first six months of 2022, new premium was 11% higher than the same period in 2021. “Strong indexed universal life… Continue reading Life Insurance New Annualized Premium Growth Continues in 2Q 2022: LIMRA
Tag: Life insurance sales
U.S. Life Insurance Sales Rise on Covid-19 Fears
Americans went on a life insurance buying spree in 2021, fueled by fears of death from the ongoing coronavirus pandemic. According to industry-funded research firm Limra, premium volume for new individual life-insurance policies increased by 20% compared to 2020, while the number of policies issued increased by 5%, the largest year-over-year percentage gains since the… Continue reading U.S. Life Insurance Sales Rise on Covid-19 Fears
LIMRA: First Quarter U.S. Life Insurance Policy Sales Highest Since 1983
Total individual life insurance policy sales increased 11% in the first quarter, compared with first quarter 2020. This is the highest growth in the number of policies sold in a quarter since 1983. New annualized premium also experienced significant growth, up 15% from prior year, according to LIMRA’s First Quarter U.S. Individual Life Insurance Sales… Continue reading LIMRA: First Quarter U.S. Life Insurance Policy Sales Highest Since 1983