Segregated fund sales advanced, but low interest rates hindered fixed annuities in 2021.
New premiums faltered but the number of policies was unchanged in 2021, compared with 2020.
COVID-19 has raised awareness among advisors and clients about the need for this protection.
After a third quarter downturn, they ended 2021 in positive territory.
Individual life insurance premiums climbed 25 percent in 2021.
Although supplemental health benefits rose sharply, total sales declined in the third quarter of 2021.
Term product boosts the number of policies slightly.