Posted by (American Life Insurance Guide TLT©️ 12/08/2021 News)The Life Insurance Marketing Research Association of America (LIMRA) recently released the 2021Q3 American Life Insurance Report, announcing the market share and growth rate of individual life insurance policy sales in the United States.The data points out,VUL Securities Investment Life Insurance, Becoming the life insurance line with the most impressive growth in the third quarter of 2021.
U.S. inflation troubles investors
In 2021, the U.S. stock market is advancing with leaps and bounds, setting record highs continuously. In October 2021, the US consumer price index also hit a new high again.
In order to combat asset depreciation caused by inflation, seek protection of family assets, and strong demand for high death claims, investors are very concerned about "Cash value life insurance"Demand for the product remains at a stable level. Among them,Securities Investment Insurance (VUL)It has become the life insurance type with the brightest growth rate in the 2021Q3 quarter.
Demand for securities investment insurance (VUL) doubled
According to data released by LIMRA (Life Insurance Marketing Research Association of America) in early December, the total sales of individual life insurance policies in the United States for the entire year in 12 will remain stable.
From the third quarter of 2020 to the third quarter of 2021, the annual new premiums of individual life insurance products in the United States increased by 18%.
Ranking of American life insurance product types (premium growth rate)
#1. Securities Investment Life Insurance/ Variable Universal Life: 104% increase
# 2. Index Life Insurance /Indexed Universal Life: 21% increase
#3. Fixed rate of return life insurance/ Fixed Universal Life: 11% increase
# 4. Savings Participating Life Insurance /Whole Life: 8% increase
#5. Term Life: 4% increase
In all new policies,Term life insuranceThe number of new policies has declined, while the number of lifetime life insurance products has increased.
Throughout the third quarter, the most impressive type of life insurance was securities investment insurance (VUL).Compared with the same period last year,The overall premiums of securities investment insurance in Q3 doubled to 104%, and the number of new policy accounts opened by 69%.
In the third quarter of 2021,Securities Investment Insurance (VUL)The overall market share of 13%.
What is securities investment insurance (VUL)?
Securities Investment Insurance (VUL) is a type of lifetime life insurance,It is generally regarded as a kind of "long-term" investment products.In the opened policy account, the policyholder has a securities investment sub-account, which can be used to directly invest part of the premiums into specific mutual funds, ETFs, or other investment products to accumulate cash value with tax advantages.
Securities Investment Insurance (VUL) andIndex insurance(IUL) The biggest difference is that securities investment insurance belongs to securities.Premium funds directly participate in market transactions, The policyholder directly bears market risks and corresponding returns. (End of full text)
(>>>Recommended reading:Data｜Top 2021 best-selling annuity insurance brands in the United States in 4Q5 ）
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*"Third Quarter 2021 US Life Insurance Sales", LIMRA, 2021, https://bit.ly/3lNT6OZ
