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Total individual life insurance policy sales increased 11% in the first quarter, compared with first quarter 2020. This is the highest growth in the number of policies sold in a quarter since 1983. New annualized premium also experienced significant growth, up 15% from prior year, according to LIMRA’s First Quarter U.S. Individual Life Insurance Sales Survey. LIMRA: First Quarter U.S. Life Insurance Policy Sales Highest Since 1983 — https://www.limra.com/en/newsroom/news-releases/2021/limra-first-quarter-u.s.-life-insurance-policy-sales-highest-since-1983/ I am an underwriter of life insurance policies. The past several weeks have been crazy busy at work and the numbers from the LIMRA survey provide some perspective. So if asked how the pandemic affected my life the past week I'd have to say I'm extremely busy at work and I think the virus has driven demand for life insurance products to its highest point in years.
May 30, 2021