News | 07.14.21
Indexed and Variable Universal Life Insurance Sales Outpace UL
Milliman reports that total combined individual universal life (UL), indexed universal life (IUL), and variable universal life (VUL) sales of $3.5 billion and $3.6 billion for calendar years 2018 and 2019, and $2.4 billion for 2020 through September. Year-to-date through September 2020, UL sales totaled $700 million, IUL sales totaled $1.5 billion, and VUL sales totaled $254 million. Universal life sales in the first nine months of 2020 accounted for 28% for total UL, IUL, and VUL sales combined.
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