By InsuranceNewsNet – July 12, 2018
Final expense life insurance new annualized premium increased 4% in 2017, compared to 2016 results, according to a Life Insurers Council/Competiscan study. Sales for final expense sold through IMOs continue to be a strong source of growth – 89% of all new premium were sold through independent distribution, according to the LIC. The most common way people said they would prefer to buy the insurance is through an agent or advisor (47%); 32% said they would prefer to buy online from a website.
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