Not exact matches
Once the annuity
sale closes in the second or third
quarter, the company will review its
life insurance portfolio.
According to the company's data, the second
quarter of 2011 showed a 10 percent increase in
sales of
life insurance for seniors compared to the first
quarter.
According to a report form LIMRA earlier this year, 65 percent of
life insurance companies were able to increase
sales over the first
quarter of 2011, compared to 2010.
The sharp drop in the
sales of unit linked products, especially individual pension products, led to the lacklustre performance by the
life insurance industry in the
quarter ended September this year