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U.S. sales of indexed life insurance continued to grow in the fourth quarter of 2018, according to new data from Wink Inc.
Indexed life sales increased to $617 million, up 7.3% from the total recorded in the fourth quarter of 2017.
For all of 2018, indexed life sales climbed 11%, to $2.2 billion.
Wink has published the new indexed life sales data in a summary of results from a survey of issuers.
The Des Moines, Iowa-based firm says sales of traditional universal life fell to $349 million in the latest quarter, down 26% from the total for the year-earlier quarter.
Sales of whole life fell 2.5%, to $1.2 billion.
Another organization, LIMRA, also conducts a life insurance sales survey, with somewhat different product categories and a somewhat different list of participating issuers.
LIMRA is reporting that new annualized premiums from whole life sales fell about 0.5% in the fourth quarter.
A link to a copy of Wink's latest life insurance market survey report summary is available here.
— Read Q4 Indexed Life Sales Rise 7.6%: Wink…, on ThinkAdvisor.
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