Pacific Life Debuts Indexed Life Product for High-Net-Worth Customers
April 16, 2024 by Warren S. Hersch
The rollout comes at a promising time for the product segment. In the fourth quarter of 2023, sales of indexed life, including indexed universal and whole insurance, totaled $799.1 million, a 5% rise from a year earlier, according to Wink‘s Sales & Market Report. Sales of indexed life insurance for all of 2023, the firm noted, surpassed 2022’s record high by 3.6%.
National Life retained the No. 1 position in indexed life sales, with a 16.3% market share, Wink reported. Transamerica, Pacific Life, Nationwide and Lincoln National rounded out the top five.
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