Posted by (American Life Insurance Guide 2021/07/15 News)Located in Iowalife insuranceMarket data research company Wink, Inc, released a report on the American life insurance market and hot-selling insurance products for the first quarter of 13 on the 2021th.
Investors or policyholders can learn from the data in this report, Which life insurance types are the mainstream in the market, which life insurance products are more popular in the market, and the main reasons why market policyholders choose different insurance types?This serves as a reference for choosing American life insurance.
List of the most popular life insurance brands and products
Fixed income level life insurance
Pacific Life Insurance has a market share of 10% in the field of fixed-income life insurance, ranking first overall.
Pacific Life Insurance has a market share of 10% in the field of fixed-income life insurance, ranking first overall.Among all life insurance products, the Foundation IUL insurance product issued by American Life Insurance is the best-selling single product.
Noteworthy highlights for total non-variable universal life sales in the first quarter included Pacific Life Companies with the #1 overall sales ranking for non-variable universal life sales, with a market share of 10.0%. Transamerica Life's Transamerica Foundation IUL was the #1 selling product for non-variable universal life sales, for all channels combined.
1. Index insurance: "financial management" is the main demand for insurance
Index insurance, Known as Indexed Life in English, this data includes index-type universal insurance and index-type savings dividend insurance.
指数保险在2021年Q1的销量为5.3亿美元，环比下降了14.6%。与去年同期相比，销量下降了0.7%。
(2021Q1 IUL Index Universal Life Insurance Market Sales Chart ©️Winkintel)
(2021Q1 IUL Index Universal Life Insurance Market Sales Chart ©️Winkintel)Average annual premium of index insurance:
2021Q1,The average annual target premium for each index policy is $12,279.A decrease of 2% month-on-month.
The main target markets of index insurance:
74% of policyholders seek"Cash value accumulation(Cash Accumulation)"This goal is to be insured.
What is worth paying attention to in the index life insurance marketNational LifeIn the index life insurance sales, it ranks first, with a market share of 14.4%.Pacific Life, Transamerica Life, National Life and Allianz Life entered the top five respectively.
according to2021Q1 market share, The following isTop 5 Index Life Insurance Company Brands, The following is the specific content of the list.
2021Q1 Index Insurance Market Share Ranking Top 5
(2021Q1 Index Insurance Market Brand Share Champion: National Life Insurance Official Website)
(2021Q1 Index Insurance Market Brand Share Champion: National Life Insurance Official Website)- 🏆National Life Group / National Life Insurance (Evaluation）
- Pacific Life Companies / Pacific Life Insurance (Evaluation）
- Transamerica/ National Life Insurance (Evaluation）
- Nationwide/ National Life Insurance (Evaluation）
- Allianz Life / Allianz Life (Evaluation)
2021Q1 Best-selling Index Insurance Product Ranking
🏆Comprehensive champion products - Allianz Life Allianz Life Pro+ Advantage
Life Pro+ Advantage (Critics) Has become the best-selling insurance product in the IUL market.The product has provided policyholders with an additional 0.9% lifetime guaranteed dividend option from the first year.It has created a precedent in the industry by focusing on index returns and daily trading functions.
Bank Channel – Pacific LifeIssued Pacific Discovery Xelerator IUL 2 (Critics）
Direct employee channels- AmericasIssuedAmeritas Growth Index Universal Life
Direct response channel – AIGProtection Extend IUL issued
Independent agency channel-issued by Allianz Allianz Life Allianz Life Pro+ Advantage(Critics）
Independent B/D channel- Protective LifeProtective Indexed Choice UL issued
National B/D channel- Nation-wideNationwide IUL Accumulator II 2020 issued (Critics）
2. Universal Life Insurance (UL): G-UL, which is continuously insured, dominates
Traditional universal life insurance, also known as fixed-rate universal life insurance, is called Universal Life in English.
(2021Q1 UL Universal Life Insurance Market Sales Chart ©️Winkintel)
(2021Q1 UL Universal Life Insurance Market Sales Chart ©️Winkintel)万能险在2021年Q1的销售额为1.19亿美元，环比上涨了1%。和去年同期相比，下滑了51%。
Average annual premium of universal insurance:
2021Q1,The average annual target premium for each UL policy is $5,021.A decrease of 6% month-on-month.
The main target markets of UL Universal Insurance:
45% of policyholders choose"Guaranteed to keep(No Lapse Guarantee)"OfGUL InsuranceAs the reason for purchase.
3. Savings dividend insurance (Whole Life): FE demand brought by the baby boom
Whole Life(Savings dividend insurance）2021年Q1的销售额为10.81亿美元，环比上升了5%。跟去年同期相比，销量上升了4%。
(2021Q1 Whole Life Life Insurance Market Sales©️Winkintel)
(2021Q1 Whole Life Life Insurance Market Sales©️Winkintel)The average annual premium of savings dividend insurance:
2021Q1,The average annual premium for each policy is $2,675,A decrease of 25% month-on-month.
The main target markets of Whole Life:
55% of policyholders consider "Final Expense"The goal of insuring.
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