Top Two IUL Sellers Trade Places in 4Q
April 11, 2017 by Cyril Tuohy
Pacific Life bested rival Transamerica as the top seller of indexed universal life (IUL) insurance sales in the fourth quarter 2016. Meanwhile, Allianz Life broke through into the top-10 list, industry tracker Wink’s Sales & Market Report reported.
The IUL market was an active one last year with sales hitting a record $1.86 billion.
Fourth-quarter 2016 IUL sales dipped 1.3 percent to $534 million, compared with the year-ago period, Wink’s reported. Fourth-quarter 2016 IUL sales increased 18 percent compared with the third quarter.
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