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LIMRA: Life Insurance Premium Expected to Maintain Record Levels Through 2024

by Carrie Haubensak | Mar 23, 2023 | Insurance Industry, Life Insurance, news

Enough positive variables are in play for LIMRA analysts to project record-level life insurance premium through 2024. Specifically, December 2020 changes to the Internal Revenue Service tax code criteria that cash value life insurance policies must meet to retain...

LIMRA: Life insurance premium expected to maintain record levels through 2024

by Carrie Haubensak | Mar 17, 2023 | Insurance Industry, Life Insurance

Enough positive variables are in play for LIMRA analysts to project record-level life insurance premium through 2024.  Specifically, December 2020 changes to the Internal Revenue Service tax code criteria that cash value life insurance policies must meet to retain...

U.S. Life Application Activity for Younger Consumers Rises

by Carrie Haubensak | Mar 10, 2023 | Insurance Industry, Life Insurance

U.S. individual life insurance application activity continued to increase in February, and activity growth for applicants under 30 was especially strong, according to new MIB Group data. The insurance data-sharing consortium saw the number of applications flowing...

Indexed Life Sales Continue to Rise

by Carrie Haubensak | Mar 10, 2023 | Insurance Industry, Life Insurance

indexed life insurance policies continued to sell well in the fourth quarter, as sales of two other types of non-variable cash value life insurance dropped. Wink — a Des Moines, Iowa-based life and annuity market monitoring firm — published on Tuesday a  new insurer...

U.S. Life Insurance Activity Down in 2022, MIB Finds

by Carrie Haubensak | Jan 19, 2023 | Insurance Industry, Life Insurance, news

Following record breaking growth in 2020 and 2021, U.S. life insurance application activity finished 2022 with year-to-date (YTD) activity down -5.5%, according to the MIB Life Index. When taking a historical lookback, total activity YTD for 2022 was down -2.3%...

LIMRA: U.S. Individual Life Insurance Sales Drop in Third Quarter 2022

by Carrie Haubensak | Dec 8, 2022 | Life Insurance, news

Total U.S. individual life insurance new annualized premium fell 5% in the third quarter compared with prior year results, according to LIMRA’s U.S. Retail Individual Life Insurance Sales Summary for Third Quarter 2022. Despite the quarterly decline, new premium in...
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