Individual Permanent Life Sales Cooled in Q4: Wink
May 24, 2021 by Allison Bell
Wink Inc. says fixed universal life, indexed life and whole life sales sales fell to about $1.7 billion in the fourth quarter of 2020, down from about $2.5 billion in the fourth quarter of 2019.
Low interest rates and the effects of the COVID-19 pandemic continued to weigh on sales of permanent life products, despite results from other surveys suggesting that the pandemic has increased consumer interest in life insurance.
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What You Need to Know
- Fixed universal life sales were terrible.
- Whole life sales were weak.
- Indexed life sales were meh.
Originally Posted at ThinkAdvisor on May 21, 2021 by Allison Bell.
Categories: Wink's Articles