Universal life sales crater to all-time low, Wink reports

[Insurance Forums Staff]

Insurance Forums Staff submitted a new article

Universal life sales crater to all-time low, Wink reports

First quarter 2021 sales results show double-digit decline in UL sales, blamed on market volatility and persistent low interest rates.

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[marindependent]

Not surprising

 

[ATM]

Interest rates are tanking and fixed rate insurance products (IUL included) will all see rate reductions and for a very, very long time.

Fixed life premiums are going to need to be higher and the days when you could expect to get an 8% IRR at death on a GUL are probably gone forever.

 

[Tahoe Ray]

Interest rates are tanking and fixed rate insurance products (IUL included) will all see rate reductions and for a very, very long time.

Fixed life premiums are going to need to be higher and the days when you could expect to get an 8% IRR at death on a GUL are probably gone forever.

VUL-G is now less costly than GUL so that's certainly siphoning off some fixed business.