Posted by (American Life Insurance Guide 09/02/2020 News) Wink, Inc., a market data analysis agency in Iowa, today released a report on American life insurance sales and market for the second quarter of 2020.
The overall Non-Variable UL sales in Q2020 2 will reach 6.42 million U.S. dollars,A drop of 16.6% from the previous month, A year-on-year decrease of 27.5%. The sales data of Non-Variable UL includes the sales of exponential UL insurance and traditional UL insurance products.
Credit©️ Wink, Inc.
It’s worth mentioning that in the second quarter of 2020,Pacific Life Insurance Company ranks No. XNUMX in overall Non-Variable UL sales, The market share is 11.2%.
Indexed Life Insurance 2020Q2 Market Briefing/ Indexed Life
The sales statistics of index insurance include Indexed Universal Life and Indexed Whole Life.In the second quarter of 2020, a total of$4.94 millionSales,A 6% drop from the previous month, And a year-on-year decrease of 14.3%.
Credit©️ Wink, Inc.
In the second quarter of 2020, the index policyThe average target premium is US$10,716, An increase of 15% from the previous quarter.
Wink 2020Q2 Index Insurance Sales and Market Ranking Top 5
#1. Pacific Life/ Pacific Life
#2. National Life
#3. Transamerica/Transamerica
#4. John Hancock Life / John Hancock
#5. Nationwide Life/ Nationwide
In the second quarter, California-based Pacific Life Insurance Company ( Pacific Life ) To13.9% marketThe share of achievements has continued to be maintainedNo. XNUMX position in the index insurance market.Under the Pacific Life Insurance Company Pacific Discovery Xelerator IUL 2 This insurance product (Evaluation),Became the No. 4 product in the Non-Variable UL market for the fourth consecutive quarter.
Traditional Universal Insurance 2020Q2 Market Briefing / Fixed UL
Traditional universal insurance Fixed UL's quarterly sales in Q2020 of 2 are$1.47 million, A year-on-year decrease of 39.6% and a month-on-monthSales fell 52.4%.
Credit©️ Wink, Inc.
In the second quarter of 2020, the traditional universal insurance policyThe average target premium is US$5,830, A decrease of 9% from the previous quarter.
Wink CEO commented, "The decline in fixed interest rates has been plagued by the life insurance industry for more than a decade and continues to drive the decline in sales of traditional UL."
Savings Participating Insurance 2020Q2 Market Briefing / Whole Life
Savings and Dividend InsuranceThe quarterly sales in Q2020 of 2 are$9.3 million, A year-on-year decrease of 10.4% and a month-on-monthSales fell 21%.
Credit©️ Wink, Inc.
In the second quarter of 2020, the savings and dividend insurance policiesThe average premium is US$3,823, A decrease of approximately 9% from the previous quarter. (Finish)
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"WINK, INC. RELEASES SECOND QUARTER, 2020 LIFE SALES RESULTS”, Wink, Inc., 09/02/2020, https://www.winkintel.com/2020/09/2q2020-life-sales-results/
(>>>Extended reading:Data｜2020Q4 U.S. Index Life Insurance Company and Insurance Product Market Ranking Top 5 ）
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