Application numbers fall for all ages, except among those over age 61.
Whole life grew most in terms of premiums.
Notable universal life applications not enough to offset declines in whole and term life.
New annualized premium increased two per cent in the first quarter of 2024.
Highest sales ever recorded in the Canadian market since the LIMRA survey was established.
Individual life insurance premiums climbed 25 percent in 2021.
The arrangement allows qualifying Equitable Life policy owners to access funds through the bank's program, which include