Individual Permanent Life Sales Cooled in Q4: Wink
May 24, 2021 by Allison Bell
Wink Inc. says fixed universal life, indexed life and whole life sales sales fell to about $1.7 billion in the fourth quarter of 2020, down from about $2.5 billion in the fourth quarter of 2019.
Low interest rates and the effects of the COVID-19 pandemic continued to weigh on sales of permanent life products, despite results from other surveys suggesting that the pandemic has increased consumer interest in life insurance.
What You Need to Know
- Fixed universal life sales were terrible.
- Whole life sales were weak.
- Indexed life sales were meh.