The economy continues to fire on all pistons, and life insurance is no exception.
Total new individual life premium grew 8 percent in the third quarter of 2015 in the U.S., reported LIMRA, marking the fifth straight quarter of growth. Year to date, the sector has grown 7 percent.
Total policies sold were up 4 percent for the quarter and 5 percent year to date, LIMRA said. Meanwhile, total universal life new annualized premium fared even better, up 11 percent in the quarter and 10 percent so far this fiscal year.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
