LIMRA LifeSourceTM puts a robust competitive intelligence tool at your fingertips. You will now easily obtain competitive intelligence that is time consuming and resource intensive to obtain and for a company to compile. This one source for all product design and performance information saves you time and money.
You can gain insights into your competitors’ complete portfolio of permanent individual life insurance products—whole life (par & non par), universal life, indexed UL, and variable life, along with sales for all products currently sold. And the searchable dynamic database provides you with data visualizations you customize to your needs.
Participating in LIMRA LifeSource can help product development, competitive intelligence, risk management, and sales gain a competitive edge in today’s marketplace by learning:
- How competitive are your products versus peers
- If a competitor’s product is really selling
- About the new products your competitors have developed
- Current product illustrations and competitors’ past product performance
Highlights of the information you will receive include:
An annual company subscription fee gives all home office employees access to the database. There are no restrictions on sharing the product illustration and performance data but the sales data are for internal use only.
To receive the maximum benefit for 2015, companies must commit by the first data call in January.
The 2015 Schedule
The product data calls and report release dates are:
- Whole life—January data call, late March report release
- Universal life—Early April data call, early August report release
- Indexed UL and VUL—Late August data call, early December report release
LIMRA LifeSource is designed to keep you aware—so your company can be competitive today and stay on top tomorrow. Participating companies are surveyed, submit their results, and we do the rest.
To find out how LIMRA LifeSource can keep you competitive, contact Ken Cochrane, LIMRA’s vice president of Developmental & Commercial Research, via e-mail or at 860-285-7828.
** Illustration guidelines will be developed to allow comparison of results across companies. This is necessary to ensure all participating companies are using the same assumptions in creating illustrated values for the database.