Posted by (American Life Insurance Guide 09/07/2022 News)美国life insuranceMarket data monitoring agency WinK released the market share ranking of American life insurance brands for the second quarter of 2022 on Wednesday, as well as data on popular life insurance products.
Through the interpretation of the Q2 quarterly data,TheLifeTank.Comwill help policyholders and investors understand,What are the main reasons for buying different life insurance policies and what is the average premium per policyAnswers to frequently asked questions, etc., are also one of the reference indicators for individuals, families and businesses to purchase and configure American life insurance.
Q2 Life Insurance Company Brand Ranking and Insurance Product Ranking
In the second quarter of 2022, the non-securities life insurance market generated a total of $2 million in premiums, which maintained an increase relative to the previous quarter. The following is a trend chart of overall market sales.
(2022Q2 non-securities life insurance market trend chart ©️Winkintel)
The life insurance market includes various types of index insurance, universal insurance, and various types of savings insurance and participating insurance.
Last quarter's corporate brand champion --Pacific Life Insurancefell in the rankings, and during the quarter,National Life Insurance CompanyThe comprehensive market share of its various products reached 12.1%, rising to the first place overall.
Among the top-selling life insurance products, American Life'sFinancial Foundation IUL insuranceproducts, continue to rank first in single product sales.
【Financial Foundation IUL Insurance Product Cover】
>【American Life Insurance FFIUL Index Insurance | User Evaluation_Product Manual_Performance Description
Below is a detailed data report by different insurance markets.
1. Index insurance: strong demand for “insurance wealth management”
Index insurance, called Indexed Life in English, abbreviated as IUL.
指数保险在2022年Q2的销量为6.8亿美元，环比增长了9%。与疫情期间的去年同期相比，销量上升了12%。历史市场走势如下图。
(2022Q2 IUL Index Insurance Market Chart ©️Winkintel)
Average annual deposit premium for index insurance:
In the second quarter of 2022,Average annual target premium per index policy is $12,138.
The main target markets of index insurance:
80% of policyholders seek "cash value accumulation"(Cash Accumulation)"This goal is to be insured.
In the field of index insurance markets,National LifeTaking advantage of the sales volume of its various index insurance products, it continued to rank first in overall sales volume in this quarter.American Life, Pacific Life, Nationwide and Sammons Insurance Group followed.
according to2022Q2 market share, The following isTop 5 Index Life Insurance Company Brands, The following is the specific content of the list.
2022Q2 Index Insurance Company Brand Ranking Top 5
(2022Q2 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）
- Nationwide/ National Life Insurance (Evaluation）
- Sammons Financial Companies (Evaluation*）
2022Q2 Top Selling Index Insurance Products
🏆Sales champion - Transamerica FoundationIUL
American Life (Company Evaluation) IssuedFFIULproduct(Product Evaluation), continued to be the highest-selling index insurance product in the IUL market segment during the quarter.
2. Universal Life Insurance (UL): Guaranteed lifetime coverage
Traditional universal life insurance, also known as fixed-rate universal life insurance, is called Universal Life in English.
(2022Q2 UL Universal Life Insurance Sales Trend Chart ©️Winkintel)
万能险在2022年Q1的销售额约为1亿美元，环比下降了3%。和去年同期相比，下滑了27%。
Average annual premium of universal insurance:
In 2022Q2,The average annual target premium per UL policy is $5,145.
The main target markets of UL Universal Insurance:
57% of policyholders choose"Guaranteed to keep(No Lapse Guarantee)",as the main reason to buy this type of policy.
3. Participating insurance:
Participating Insurance, Also known asSavings dividend insurance, called Whole Life in English.
Whole Life(Dividend insurance）2022年Q2的销售额约为11亿美元，环比下降了4%。跟疫情期间的去年同期相比，销量下滑了6%。
(2022Q2 Participating Life Insurance Sales Trend©️Winkintel)
Average annual premium for participating insurance:
In the second quarter of 2022,Average annual premium per policy is $3,513.
The main target markets of participating insurance:
56% of policyholders consider "Final Expense"This target is applied for.
(End of full text)
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