Wednesday, February 25, 2009

 

Individual Life Sales Saw Q4 Drop

Economic clouds seem to be hovering over yet another line of insurance industry business. New annualized premium for individual life insurance saw a 14% drop in the fourth quarter of 2008, ending the year with an overall 7% decline, according to LIMRA’s quarterly sales survey.

The fourth quarter marked the single sharpest decline in premium since the fourth quarter of 1951, according to LIMRA International, a Windsor, Conn. research, consulting and professional development organization. The overall decline for the year erased the strong 7% gain of the previous year, and was the largest one-year decline in LIMRA’s records...

INN: Individual Life Sales Saw Q4 Drop

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