New Individual Life Insurance Premium Sales Up, LIMRA Finds

U.S. Individual life insurance new annualized premium went up four percent for the first half of 2017 over the same time last year, research from LIMRA finds.

According to the LIMRA U.S. Retail Individual Life Insurance Sales Survey, in the second quarter, new annualized premium increased three percent. Universal life new annualized premium increased two percent in the second quarter. Indexed UL new annualized premium was up eight percent in the second quarter. Lifetime Guarantee Universal Life decreased 11 percent in the second quarter. Variable universal life new annualized premium increased 5 percent in the second quarter. Whole Life new annualized premium went up two percent in the second quarter. Term life insurance new premium grew three percent in the second quarter over the previous year.