LIMRA: U.S. Life Insurance Policy Sales Increase 2% in 2020
March 19, 2021
March 19, 2021
WINDSOR, Connecticut, March 19 (TNSRes) -- LIMRA issued the following news release:
While total life insurance new annualized premium fell 3% in 2020, the number of policies sold in 2020 increased 2% for the year, driven by strong whole life and term sales, according to LIMRA's U.S. Individual Retail Life Insurance Sales Survey.
"In 2019, fourth quarter premium jumped 15% ahead of the mandatory adoption of the 2017 CSO tables and principle-based reserving that woul . . .
While total life insurance new annualized premium fell 3% in 2020, the number of policies sold in 2020 increased 2% for the year, driven by strong whole life and term sales, according to LIMRA's U.S. Individual Retail Life Insurance Sales Survey.
"In 2019, fourth quarter premium jumped 15% ahead of the mandatory adoption of the 2017 CSO tables and principle-based reserving that woul . . .