WINDSOR, Conn., March 14, 2019 – Total U.S. individual life insurance new annualized premium (premium) increased 1 percent in 2018, compared with 2017 results, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey. This represents the fifth year of growth in premium for U.S. life insurance.
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
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.
6/8/2021 - 6/9/2021
This workshop will include detailed presentations covering all areas of final expense administration, management, and marketing.
Total final expense life insurance premium was $480 million among the 19 companies providing sales for both 2020 and 2019 growth, a 9% increase compared with 2019 results. At the same time, 2020 annual preneed life insurance premium fell 10% year-over-year.
In 2017, only 48 percent of employers offered life insurance to their workers, a 23 percent decline from 2006. This continues a steady of decline in employer sponsored life insurance since 2006 (chart 1).
LIMRA Secure Retirement Institute: Fourth Quarter 2018 U.S. Single Premium Pension Buy-out Sales Near Record Levels Set in 2017
WINDSOR, Conn., March 18, 2019 — U.S. single premium pension buy-out product sales exceeded $10.4 billion in the fourth quarter of 2018, nearly level with fourth quarter 2017 results.