Life Buyers Loosen Up in Q4
March 18, 2024 by Allison Bell
A stock market rebound pulled U.S. individual life insurance buyers back toward market-linked products in the fourth quarter of 2023, according to survey data from LIMRA and Wink.
Wink focuses on nonvariable permanent life products.
Click HERE to read the full story via Think Advisor.
Article excerpt:
Here’s how Wink saw sales revenue changing for some products between the fourth quarter of 2022 and the latest quarter:
- Indexed universal life and indexed whole life: $799 million (+5.1%)
- Traditional universal life: $96 million (-11%)
- Whole life: $1.2 billion (-6.4%)
Click HERE to read the full story via Think Advisor.
Wink’s Note: We will be reporting sales on structured universal life, variable universal life and additional annuity product lines starting in 1st Quarter, 2024’s report.