Indexed Universal Life Sales Rise 3.4%: Wink

Because the fixed universal life data series and the whole life data series are new, Wink has no comparable sales figures for those products for the first quarter of 2016.

A universal life insurance policy is a permanent life insurance policy that combines a death benefit with a mechanism for building up the policy cash value.

An indexed universal life policy is a universal life policy with a crediting rate, or interest rate, tied to the performance of an investment index, such as the S&P 500.

Wink says Transamerica, a unit of Aegon N.V., was the market share leader in the first quarter in the market for indexed universal life. Prudential Financial Inc. was the market share leader in the fixed indexed universal life market.

In the indexed universal life market, the average target premium was $8,865.

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