Indexed Life Sales Dip 1.3% in 4Q, Flat in 2016

March 14, 2017 by Cyril Tuohy

Indexed universal life (IUL) sales dipped 1.3 percent to $534.5 million in the fourth quarter 2016 compared to the year-ago period. The drop was due primarily to declines from two sellers, according to industry tracker “Wink’s Sales & Market Report.”

IUL sales, measured by premium revenue, for 2016, rose to a record $1.86 billion. That was just a hair above the $1.85 billion in 2015, Wink’s said.

“It is hard to believe that indexed life continues to prosper with AG 49 just in the rearview mirror,” said Sheryl J. Moore, president and CEO of Moore Market Intelligence and Wink Inc.

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Originally Posted at InsuranceNewsNet on March 14, 2017 by Cyril Tuohy.