LIMRA: Sales of Indexed Life Products Rose 22% in Q2

That could be a sign that the Federal Reserve Board will, in turn, be confident enough about the economy to continue to push up interest rates.

If rates keep moving higher, that could help increase the crediting rates available from issuers’ new CDs, bonds, life insurance policies and annuities but hurt clients’ stocks, bond portfolios and exposure to variable-rate debt.

The Policy Counts

LIMRA creates quarterly policy sales reports and many other reports using survey responses from member insurers.

Here’s what happened to the number of policies sold, for five types of coverage, between the first quarter of 2022 and the first quarter of 2023:

Indexed universal life: +22%
Term life: +4%
Whole life: +3%
Variable universal life: -2%
Fixed universal life: -12%

LIMRA shows how much the number of policies sold has changed, year-over-year, in the public summaries, but it does not include the actual number of policies sold.

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