Fourth Quarter 2016 Indexed Life Sales
February 28, 2017 by Sheryl J. Moore
Indexed Life sales for the fourth quarter of 2016 were $534 million, compared with sales of $541 million for the fourth quarter of 2015. Fourth quarter indexed life sales were up 18% when compared with the previous quarter, and down over 1% as compared to the same period last year.
Total 4Q2016 indexed life sales were $534,514,931.
Total 2016 indexed life sales were $1,860,271,009.
THE TOP TEN INDEXED LIFE CARRIERS FOR THE FOURTH QUARTER OF 2016:
1. Pacific Life Companies
3. National Life Group (NL/LSW)
4. Minnesota Life
5. Lincoln National Life
6. Zurich American Life (est)
8. Prudential Companies
9. Allianz Life
10. AXA US
AVERAGE TARGET PREMIUM:
The average target premium paid was $8,671; an increase of over 5% from the prior quarter.
4th Quarter LEADERS BY CHANNEL:
Bank- Pacific Life Companies
Career- AXA US
Direct Response- AIG
Independent Agent- Pacific Life Companies
Independent Broker Dealer- Protective Life Companies
National Broker Dealer- Nationwide
4th Quarter TOP SELLING PRODUCTS BY CHANNEL:
Overall- Transamerica Premier Financial Foundation IUL
Bank- Pacific Life Pacific Indexed Performer LT2
Career- RiverSource Life RiverSource Multi-Index UL
Direct Response- American General Life AG Extend IUL
Independent Agent- Transamerica Premier Financial Foundation IUL
Independent Broker Dealer: Protective Life Protective Indexed Choice UL
National Broker Dealer- Nationwide Nationwide YourLife IUL Accumulator