Life Insurance Sales On The Rise
Great news! Life Insurance sales have been (and remain) on a steady uptick. Limra reported that second quarter (2012) new annualized premiums grew by 4% over the same time last year. And they grew by 3 percent over the entire first half of last year (2011). The real big winner was indexed universal life. As more and more consumers and financial professionals are discovering tax-free retirement and the power it contains, the sales of IUL’s will most likely continue to explode. In fact, the sales of these indexed universal life policies were up 37% from the year prior (2nd quarter). Finally, whole life was up 9% during this same period as many flock to the old faithful life insurance product.
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