Posted by (News from the American Life Insurance Guide Network 2021/05/25)Located in Iowalife insuranceAndAnnuity insuranceMarket data research company Wink, Inc, released a report on the American life insurance market for the fourth quarter of 25 on the 2020th.From this, policyholders can get a glimpse of the market sales, usage, and usage of different types of life insurance.Life insurance brands and productsThe ranking situation.
Non-Variable UL
Non-securities types of universal insurance include traditional (fixed interest rate)Universal insurance(UL) andIndex Universal Insurance(IUL) Two parts.
In 2020, Q4 sales were 7.4 million U.S. dollars, of which Index Universal Life Insurance (IUL) accounted for the dominant share.
(2020Q4 Index-type insurance and fixed-rate insurance sales ratio © ️Winkintel)
Index Life Insurance (IUL) Market Report
Index Universal Life Insurance, English is called Indexed Universal Life.
(2020Q4 IUL Index Universal Life Insurance Market Sales Chart ©️Winkintel)
IULIndex insurance在2020年Q4的销量为6.21亿美元，环比增长了23%。与去年同期相比，销量下降了14%。
Throughout 2020,Index insuranceSales of approximately US$21 billion ($2,160,309,118).
Average annual premium per index policy:
2020Q4,The average annual target premium for each index policy is $12,551.The month-on-month increase was 15%.
The main market objectives of index insurance:
71% of index insurance is based on"Cash value accumulation(Cash Accumulation)"The market target is sold.
according to2020Q4 market share, The report was releasedTop 5 Index Life Insurance Companies, The following is the specific content.
2020Q4 Index Life Insurance Company Ranking Top 5
(2020Q4 Index Insurance Market Sales Champion: Pacific Life Insurance Official Website)
- Pacific Life Companies / Pacific Life Insurance (Evaluation）
- National Life Group / National Life Insurance (Evaluation）
- John Hancock/ Hengkang Life Insurance (Evaluation）
- Transamerica/ National Life Insurance (Evaluation）
- Nationwide/ National Life Insurance (Evaluation）
2020Q4 Index Life Insurance Product Ranking
Comprehensive – Financial Foundation IUL issued by Transamerica
Bank Channel – Pacific LifeIssued Pacific Discovery Xelerator IUL 2 (Critics)
Professional broker channel- AmericasIssuedAmeritas Growth Index Universal Life
Direct response channel – AIGProtection Extend IUL issued
Independent brokerage channel- TransamericaIssued Financial Foundation IUL
Independent broker channel- Protective LifeProtective Indexed Choice UL issued
National Broker Channel – Nation-wideNationwide IUL Accumulator II 2020 issued (Critics）
Traditional Universal Life Insurance (UL) Market Report
Traditional universal life insurance, also known as fixed-rate universal life insurance, is called Universal Life in English.
(2020Q4 UL Universal Life Insurance Market Sales Chart ©️Winkintel)
UL在2020年Q4的销售额为1.18亿美元，环比下滑了2%。和去年同期相比，下滑了66%。
Throughout 2020, UL insurance sales will be approximately 6.3 million U.S. dollars ($636,178,355).
The average annual premium per UL universal insurance policy:
2020Q4,The average annual target premium for each UL policy is $5,359.The month-on-month increase was 6%.
The main market goals of UL Universal Insurance:
45% of UL universal insurance is based on"Guaranteed to keep(No Lapse Guarantee)"The market target is sold.
Whole Life Savings Participating Whole Life
Whole Life（储蓄分红险）2020年Q4的销售额为10.35亿美元，环比下降了2%。跟去年同期相比，销量下滑了29%。
(2020Q4 Whole Life Life Insurance Market Sales©️Winkintel)
Throughout 2020, Whole Life's sales will be approximately 40 billion U.S. dollars ($4,060,282,549).
The average annual premium per Whole Life policy:
2020Q4,The average annual premium for each policy is $3,571,A decrease of 3% month-on-month.
The main market goals of Whole Life:
50% of Whole Life is mainly based on "Final Expense"The market target is sold.
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(>>>Extended reading: Data｜ Ranking of the best-selling life insurance products in the U.S. in 2021Q1 ）
(>>>Extended reading: Data｜ 2019Q4 U.S. Life Insurance Market Ranking Top 5 and Insurance Data Report ）
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