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Indexed life sales were back on the uptick in the fourth quarter 2020 while the death knell sounded for traditional universal life insurance. That was the word as Wink, Inc. released the fourth quarter 2020 life sales results.
As many Americans return to post-pandemic normalcy, life insurers are as well, with many companies curtailing or eliminating underwriting restrictions that have been in place since March 2020.
“These behaviors make it clear that to achieve sustained growth, insurers cannot rely on global disasters to boost uptake of life insurance,” according to a Deloitte report.
Brighthouse continues to broaden distribution and grow life insurance sales, CEO Eric Steigerwalt said on a conference call with analysts this morning.
Strong sales of its buffered annuity, FlexGuard, helped Prudential continue its first-quarter shift away from interest rate-sensitive products and underpinned its strong financial showing.
American Financial is trying to figure out what to do with the billions it will have in excess cash after the sale of the Great American Life Insurance Co. in the second quarter.