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The market share of IUL index life insurance is 2.5 times the market share ten years ago
(American Life Insurance Guide Net News) According to data from the insurance industry organization LIMRA, driven by market conditions,Index Life Insurance (IUL)Sales continued for eight quarters, and sales increased by double digits.
LIMRA said that in the third quarterIULCompared with the previous quarter, the sales of the company have increased by 10% and the year-to-date growth has increased by 12%, which dwarfs the sales of other life insurance products.Compared with the previous quarter, overall life insurance sales increased by 3%.
LIMRA declined to provide specific sales figures for the new premiums.Market research company, Wink Inc. will be the third quarterIUL(Exponential Universal Life Insurance)The sales are set at 5.29 million U.S. dollars.
Index Life Insurance Products, Which is similar in nature to an exponential annuity.The increase in the cash value of the policy is linked to the stock market index and has an upper limit;.Within a certain period of time, the interest on the income of the insurance policy shall not be less than 0%.
The lowest interest rate environment after the 2008 financial crisis has suppressed theUniversal life insuranceDemand for products, such as fixed-rateUL (Universal Life Insurance）, Its return is directly related to the interest rate environment.FromIULFrom the perspective of product design scheme display, by showing consumers the expectation of participating in insurance, the strong growth of the stock market in the third quarter helpedIULThe main tool of sales.
According to data from Wink Inc., the fixed interest rate in the third quarterUniversal Life Insurance Products (UL）Sales of 3.25 million U.S. dollars, a 39% decrease compared with the same period last year.
IUL (Index Universal Life Insurance Products)Take upUniversal life insuranceThe proportion of total market shares (fixed-rate universal insurance products and investment universal insurance products) is steadily increasing.As of the third quarter of this year,IULIts total share is 55%, which is 2.5 times the market share a decade ago.
In 2016,American Life InsuranceThe AG49 regulation implemented by the industry, the regulationIULThe reference interest rate used in the policy design plan was corrected and standardized, which suppressed the IUL market in 2016 and achieved stable and gentle growth.otherwise,IULProduct sales growth in the past ten years is likely to reach double digits.
