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Indexed life sales reach new quarterly record

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Indexed life insurance sales for the fourth quarter of 2018 reached an all-time high of $617.4 million, according to Wink’s Sales & Market Report. Indexed life sales in the fourth quarter were up 16.8 percent over the third quarter and more than 7.2 percent higher than in the same period last year. Annual indexed life sales were over $2.1 billion. “Given the recent trends in indexed life product development, it is no surprise to see both a record quarter and a record year for indexed life sales,” said Sheryl Moore, president and CEO of Moore Market Intelligence and Wink Inc. Pacific Life Cos. retained its No. 1 ranking in indexed life sales, with a 16.4 percent market share.