Wink sees mixed life sales results in third quarter

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  • Indexed life insurance products have flourished.
  • Whole life products sold slightly better than in the third quarter of 2020.
  • Fixed universal life insurance policies have sold poorly.

A combination of low interest rates, inflationary concerns and a new and intense surge in COVID-19 put the life insurance outlook in the United States in a sober mood in the third quarter.

Wink, a life insurance and annuities market tracking company based in Des Moines, Iowa, says life insurers who participated in its voluntary survey program with insurance issuers Individual Life posted mixed results for the quarter.

Indexed life insurance products that give buyers a chance to increase policy growth if investment markets are doing well and that give issuers flexibility when investment markets are doing poorly.

Whole life products, which offer maximum stability for policyholders and issuers, sold slightly better than in the third quarter of 2020.

Fixed universal life insurance policies, which give policyholders no chance of benefiting from rising interest rates, and issuers have lower premium flow stability than whole life insurance and more high investment risk exposure that whole life or indexed life insurance has sold poorly.

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