Life Insurance Sales SURGE 2% in Q1 – Wink’s EXPLOSIVE Findings Revealed!
According to the recently released Sales & Market Report from Wink Inc., life insurance sales for the industry have increased by over 2% during the first quarter of this year.
During Q1, life insurance sales reached $2.7 billion, a decrease of 13.7% from the previous quarter, but an increase of 2.1% from the year-over period. The category “all life sales” includes fixed universal life, indexed UL, variable UL, whole life, and term life products.
Some other noteworthy highlights in the first quarter include the Pacific Life Companies ranking as number one in overall sales for all life sales with a 5.5% market share. Also, Transamerica Life’s Financial Foundation IUL II, an indexed universal life product, was the number one selling product for all life sales across all distribution channels during that quarter.
Sales for all universal life products in Q1 exceeded $1.1 billion; this figure represents a decline of 15.5% from the previous quarter, but an increase of 8.5% from the year-over period. Sales classified as universal life include fixed UL, indexed UL, and variable UL sales.
For all universal life sales during the first quarter, the most prominent highlights included National Life Group claiming the number one position overall for all universal life sales with a market share of 11.3%.