Life Sales’ Strong Spring May Be A Harbinger For A Record Year
June 8, 2021 by Steve Morelli
The life insurance sales boom in the first quarter may not be a pandemic-induced outlier – in fact, it might even be a spring harbinger for a record year in sales, according to LIMRA’s CEO.
The first quarter was unusually strong for life sales with 11% increase in policy count and a 15% boost in annualized premium compared to the first quarter of 2020, amounting to the best showing since 1983, according to LIMRA’s Individual Life Insurance Sales Survey.
Products did well across the board in the first quarter, except non-indexed fixed universal life.