08.20.24
High Interest Rates Put Chokehold on Whole Life in Flat Q2
by: Insurance News Net
Individual life insurance new annualized premium totaled $3.97 billion in the second quarter, level with prior-year results, according to LIMRA’s preliminary U.S. Life Insurance Sales Survey. Policy count was flat for the quarter. Year to date, new premium totaled $7.7 billion, down 1%, and the total number of policies sold was level with the prior year’s results.
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