|
|
Article: Variable Sales Slip as Life Insurance Buyers Turn to Universal and Whole Life Products, Says LIMRA International.
- Article from:
- Business Wire
- Article date:
- November 29, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
WINDSOR, Conn.--(BUSINESS WIRE)--Nov. 29, 2001
While total sales of life insurance continued to decline in the third quarter, the trend away from variable products and toward universal and whole life accelerated, according to LIMRA International's quarterly survey tracking new individual life insurance sales.
"The roller coaster ride for individual life insurance sales continues," said Elaine Tumicki, assistant vice president and author of the quarterly report. "While the hot products of the late Nineties - variable universal life (VUL) and survivorship life - continue to plummet, universal life and whole life are growing. Term ...