Suggested Results
Individual Life Insurance Combination Product Premium Falls 2% in 2018
After three consecutive years of growth, total new premium for individual life combination products dropped 2% to $4.3 billion in 2018, according to LIMRA’s 2018 Individual Life Combination Products Annual Review. There were 404,000 policies sold in 2018, a 2% increase, compared with 2017 results.
Individual Life Insurance Combination Product Premium Grows 18 Percent in 2017
WINDSOR, Conn., June 21, 2018 – Total new premium for life combination products (which combine life insurance with long term care or chronic illness coverage) increased 18 percent to $4.1 billion in 2017, according to LIMRA’s 2017 Individual Life Combination Products
LIMRA: U.S. Life Insurance New Annualized Premium Growth Continues in Second Quarter 2022
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.
LIMRA: Individual Life Insurance Premium Rebounds in the Third Quarter
Driven by strong growth in whole life and term products, total individual life insurance new annualized premium increased 2% and the number of policies sold jumped 7% in the third quarter, according to LIMRA’s Third Quarter 2020 U.S. Individual Life Insurance Sales Survey.
Three Quarters of Life Insurance Shoppers Say Experience Was Similar or Better Than Other Major Purchases
For many Americans, the process of shopping for any major purchase can be stressful. The competition for products in all industries is intense and this is no different in the life insurance world. According to new LIMRA research however, the