Individual Life Sales Up 7% In 2006: LIMRA

U.S. individual life insurance sales rose 7% in new annualized premium in 2006, compared to the year before, according to a survey by LIMRA International.

Total face amount sold in 2006 rose by 4% over 2005, while the total number of new policies sold declined by 1%, according to LIMRA, Windsor, Conn.

Of the 74 companies taking part in the survey, more than 60% increased their total life sales over 2005, and more than 40% showed double-digit increases. One-third of companies experienced declines, LIMRA reports.