Monday, March 13, 2006
Life By The Numbers
The year-end totals for life insurance sales will be out shortly. Chances are they will track with the trend line seen at the end of the third quarter-that is to say, flat.
According to LIMRA International, Windsor, Conn., annualized premium for all lines was up just 1% for the first three quarters compared to the same year-earlier period. Face amount was down 2% and number of policies sold was off 6%. By product line, universal life was tops, up 9% for the three quarters. But variable life dropped 13% and variable universal life fell 11%. Term and whole life fell 1% and 2%, respectively. Looking at those numbers is like watching a swimmer treading water. The industry is doing something but not going anywhere.
Read Full Article: Life By The Numbers
Source: Insurance News Net
According to LIMRA International, Windsor, Conn., annualized premium for all lines was up just 1% for the first three quarters compared to the same year-earlier period. Face amount was down 2% and number of policies sold was off 6%. By product line, universal life was tops, up 9% for the three quarters. But variable life dropped 13% and variable universal life fell 11%. Term and whole life fell 1% and 2%, respectively. Looking at those numbers is like watching a swimmer treading water. The industry is doing something but not going anywhere.
Read Full Article: Life By The Numbers
Source: Insurance News Net
Permalink posted by armandn @ 8:41 AM 
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