Posted by (American Life Insurance Guide 2021/10/08 News)Located in Iowalife insuranceMarket data research company Wink, Inc, released data on American life insurance brand market sales for the second quarter of 5, as well as American life insurance products and channels on the 2021th.
T.L.T.(TheLifeTank.com, Chinese name: American Life Insurance Guide) compiled the report and released it. Investors or policyholders can learn from this data, Which life insurances are sought after by the market, and the main reasons why market policyholders choose different types of insurance,This serves as a reference for choosing American life insurance.
You can also contact a professional insurance planning consultant,Learn more about the many factors that make these life insurances achieve market share,So as to judge and choose the life insurance brand that suits you.
Summary: Total sales of U.S. Universal Insurance (non-securities)
In the second quarter of 2021, sales of U.S. universal insurance (non-securities) were US$7.79 million, while sales in the second quarter of 2020 were US$6.59 million.Compared with the previous quarter, it increased by nearly 20% compared with the previous quarter, and increased by 18% year-on-year.
1. Index insurance: The average annual premium exceeds US$1
Index insurance, English is called Indexed Life, or IUL for short.
指数保险在2021年Q2的销量为6.27亿美元，环比增长了18%。与去年同期相比，销量增长了23%。
Average annual premium of index insurance:
In 2021Q2,The average annual target premium for each index policy is $11,142.A decrease of 9% month-on-month.
The main target markets of index insurance:
In 2021Q2, 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 LifeRanked first in the index life insurance market sales share.Transamerica Life, Pacific Life, Hengkang Life and National Life entered the top five respectively.
according to2021Q2 market sales rate, The following isTop 5 Index Life Insurance Company Brands, The following is the specific content of the list.
2021Q2 Index Insurance Market Ranking Top 5
(2021Q1 Index Insurance Market Brand Share Champion: National Life Insurance Official Website)
- 🏆National Life Group / National Life Insurance (Evaluation）
- Transamerica/ National Life Insurance (Evaluation）
- Pacific Life Companies / Pacific Life Insurance (Evaluation）
- John Hancock/ Hengkang Insurance (Evaluation）
- Nationwide/ National Life Insurance (Evaluation）
2021Q2 Top-selling Index Insurance Product Ranking
🏆Comprehensive champion products - Transamerica Life Transamerica Foundation IUL
Transamerica Life Transamerica Foundation IUL (Product Evaluation) Became the highest-selling insurance product in the U.S. IUL market in the second quarter.A major feature of this insurance product is that it maintainsS&P500 (S&P 500 Index)13.75% of strategy Capped rate of return(2021/05 Updated).
2021 Q2 channel sales rankings:
Bank Channel – Hengkang Life John Hancock Life Protection IUL issued
Direct employee channel-Farm Bureau Life Foundations Indexed UL issued by Farmers
Direct response channel – AIGProtection Extend IUL issued
Independent agency channel-Transamerica Life Transamerica Foundation IUL issued by Transamerica (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): Guarantee "continuous insurance"
Traditional universal life insurance, also known as fixed-rate universal life insurance, is called (Fixed) Universal Life in English.
The sales of traditional universal life insurance in the second quarter of 2021 were US$1.51 million, an increase of nearly 27% from the previous quarter, and a year-on-year increase of less than 2020% from Q2 in 1.
Average annual premium of universal insurance:
2021Q2,The average annual target premium for each UL policy is $5,045.The month-on-month increase was about 1%.
The main target markets of UL Universal Insurance:
More than 41% of policyholders choose"Guaranteed to keep(No Lapse Guarantee)"OfGUL InsuranceAs the reason for purchase.
3. Savings dividend insurance (Whole Life): terminal expenses are the main market
在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%。
In the second quarter of 2021, Whole Life (Savings Participating Insurance) Has sales of 11.65 billion U.S. dollars, while sales in the second quarter of 2020 are 9.32 million U.S. dollars. Whole Life(Savings Participating Insurance) In 2021Q2, it has increased by nearly 8% compared with the previous quarter, and it has increased by nearly 25% compared with the same period last year.
Average annual premiums for Whole Life Savings Insurance:
In 2021Q2,The average annual premium for each policy is $3,465,The month-on-month increase was 30%.
The main target markets of Whole Life:
55% of policyholders consider "Final Expense"The goal of insuring. (End of full text)
(>>>Related reading: Data｜2021Q1 American Life Insurance Brand and Product Market Sales Ranking Top 5 ）
(>>>Related reading: Data｜ 2019Q4 U.S. Life Insurance Market Ranking Top 5 and Insurance Data Report ）
(>>>Related reading: Data｜2020Q4 U.S. Index Life Insurance Market Ranking Top 5 ）
(>>> Recommended reading:Evaluation｜Increase in revenue by $186 million, professional design and planning Vs wrong way of insurance ）
appendix
* "SECOND QUARTER 2021 LIFE INSURANCE SALES", 10/05/2021, Sheryl J. Moore, https://www.winkintel.com/2021/10/2q21-life-sales/
