News | 12.04.18
Indexed Universal Life Insurance Continues Growth Streak
Limra reports that indexed universal life insurance sales increased 10 percent in the third quarter, marking the product line's eighth consecutive quarter of growth in premiums. Overall life insurance sales rose 3 percent compared with the previous quarter. Indexed universal life insurance has steadily grown its share of overall sales of universal life insurance products such as fixed and variable universal life. Year to date through the third quarter, indexed universal life insurance's share was 55 percent, a gain of approximately 250 percent since 2010. "Indexed universal life is a little bit easier to sell in the market that we've seen," says Elaine Tumicki, corporate vice president of insurance product research at Limra.
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