Life insurance sales surge in Q3

Year to date, total new premium increased by 18%, the largest nine-month growth recorded in 25 years. All product lines posted positive gains in premium both in the third quarter and year to date, LIMRA said.

While overall policy sales were level with the prior year, the number of policies sold year to date was 5% higher than in the first three quarters of 2020. All products except for term products experienced growth in policy sales in Q3, LIMRA said. For the first time in at least 25 years, every major product line posted increased policy sales in the first

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