2009 was a good year for individual life combination products providers. They saw double-digit growth that year, and 2010 is proving to have been profitable too. New premium sales of individual life combination products jumped 62% in 2010, reaching $1.2 billion, according to LIMRA.
New sales of combination products represent 6% of the individual life insurance market based on new premium. In addition, with more than 26,000 policies sold in 2010, policy count of combination products increased 69% over 2009 sales results.
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