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US life insurance sales continue to decline from pandemic highs

Sales of life insurance policies are declining in the US after a sharp increase during the COVID-19 pandemic, writes InsuranceNewsNet.
US life insurance sales continue to decline from pandemic highs

According to statistics, agents and brokerage firms continue to dominate the sales market.

The largest decline was recorded in the market of annuities, long-term care and disability insurance.

“One of the problems that we still face as an industry is the lack of interest of young people in life insurance, but, in the next three years, the situation may change. People who bought endowment and investment policies during the pandemic, would begin to receive payments,” said David Levenson, President and CEO of LIMRA, LOMA and LL Global.

Source: https://insurancenewsnet.com/conference-post/life-insurance-sales-continue-to-backslide-from-pandemic-highs-study-finds

Photos are from open sources.

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