Life Insurance Quotes

Life insurance sales on the rise, says LIMRA

08/26/11

Following the economic downturn in the United States, many Americans chose to give up their individual life insurance policies for financial reasons. More people were living paycheck to paycheck, and thereby couldn't afford to plan ahead. Recent financial numbers released by LIMRA, however, note that individual insurance policy sales are on the rise, according to Financial Planning.

The LIMRA report found that compared to sales in 2010, individual insurance policy sales increased by 4 percent in the first half of 2011. Analysts noted that while growth in the first quarter was somewhat greater than growth in the second quarter, they attributed the deceleration to some shakeups in the industry, notably a move away from products that carry a death benefit.

Gains were not experienced system-wide, however, and term life insurance policy sales fell by about 4 percent, according to the source.

According to the Insurance Information Institute, at its lowest point in 2010, ownership of individual insurance plans bottomed out at about one out of every three Americans. Life insurance has gone through a state of flux in recent years in the wake of the economic downturn and subsequent attempts to market itself as a valuable product. As Americans live longer and medical care advances, good life insurance policies with flexible payouts and benefits can be invaluable for peace of mind.

Talk to an Advisor

A licensed insurance advisor can explain your options and help you choose the right life insurance for your needs.

Call: 1-800-823-4852

Chat: Live Advisor Chat

Sm

A few of the carriers we quote