Universal Life Insurance Sales Plummet in Q1
July 13, 2021 by Michael S. Fischer
Life insurance sales continued their downward trend in the first quarter, affected by market volatility combined with persistent low interest rates, according to Wink’s sales and market report, released this week.
Total non-variable universal life sales for the first quarter finished at $649.9 million, down 12.2% from the previous quarter and down 15.6% from the same period a year ago. Non-variable UL sales include both indexed UL and fixed UL.