Economic clouds seem to be hovering over yet another line of insurance industry business. New annualized premium for individual life insurance saw a 14% drop in the fourth quarter of 2008, ending the year with an overall 7% decline, according to LIMRA’s quarterly sales survey.
The fourth quarter marked the single sharpest decline in premium since the fourth quarter of 1951, according to LIMRA International, a Windsor, Conn. research, consulting and professional development organization. The overall decline for the year erased the strong 7% gain of the previous year, and was the largest one-year decline in LIMRA’s records.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access