LIC Final Expense Survey
Each year since 2009, the Life Insurers Council has conducted a comprehensive survey of the final expense insurance market, focusing on companies that sell through IMOs. The latest LIC Final Expense Survey Report (2020 Sales Data) was published in June 2020 and covers 24 carriers with a total of $5.89B in final expense sales. The report is complimentary for LIC members, $850 for LIMRA/LOMA members, and $1,055 for nonmembers.
LIC Preneed Survey
Each year, LIC conducts a comprehensive survey of the preneed insurance market, tracking preneed sales and inforce data since 2007. The 2020 LIC Preneed Survey Report is available now (published June 2020), including 15 companies with total preneed sales of $1.547B . The Preneed Survey Report is complimentary for LIC members, $440 for LIMRA/LOMA members, and $540 for nonmembers.
LIC Smaller Company Fixed Annuity Survey
Although it’s true that the largest companies produce a significant percentage of fixed annuity sales, it’s also true that there are many smaller companies who actively market and sell these products. Yet industry annuity sales reports only reflect results from the largest carriers. This year LIC conducted a ground-breaking study of the companies smaller than $5B in assets that actively market annuities. Survey topics included 2019 sales and in-force by product type, annuity operations, interest crediting, conservation, and a COVID-19 supplement. The LIC Smaller Company Annuity Report will be available for sale in future years, but this inaugural report is available at no charge.