Life Insurance Sales Down in First Quarter of 2009

The life insurance industry appears to be experiencing a downturn in business as the economy slows.

A recent report from LIMRA (a life insurance organization) indicates lower premiums for the first part of 2009.

Source: LIMRA and InsuranceNewsNet

Premium from individual life insurance sales declined 26 percent in the first quarter of 2009, according to LIMRA’s U.S. Individual Life Insurance Sales report.

“Historically, recessions have had little effect on individual life insurance sales; however, it appears the severity of this current economic downturn has impacted sales dramatically,” Read entire article

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