Individual Life Insurance Premium Up 8% In 3Q 2015

U.S. individual life insurance new annualized premium increased 8 percent in the third quarter 2015

WINDSOR, Conn., Dec. 9, 2015—U.S. individual life insurance new annualized premium increased 8 percent in the third quarter 2015 – the fifth consecutive quarter of positive growth, according to LIMRA’s Third Quarter 2015 U.S. Retail Individual Life Insurance Sales Survey.

“In the first nine months of 2015, strong whole life and indexed universal life sales resulted in a 7 percent increase for overall individual life insurance premium,” noted Ashley Durham, assistant research director, LIMRA Insurance Research.  “Every major product line recorded positive premium growth for the quarter.”

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