Life combo product sales plummeted during 2020 pandemic

[Insurance Forums Staff]

Insurance Forums Staff submitted a new article

Life combo product sales plummeted during 2020 pandemic

Total new premium for individual life combination products decreased 23% to $3.7 billion in 2020, according to LIMRA’s 2020 U.S. Individual Life Combination Products Annual Review.

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[ltcadviser]

Fake news.

 

[Allen Trent]

Fake news.

I think the temporary underwriting restrictions on older ages & the repricing in low interest rate environment impacted single premium cases for the over 65 crowd, especially considering lack of face to face sales for 3-6 months in most of the country