US Life Quarterly
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Direct premiums for the life and health industry increased by 5% in first half of 2018 over the same period in 2017, mainly due to 7% increase in the annuity business. Annuity DPW fell by 3% in 2017 due to uncertainty created by the DOL fiduciary rule. After the courts struck down the DOL fiduciary rule on March 15, 2018, annuity sales accelerated in the second quarter of 2018. While life products annualize premiums increased by a mere 1% yoy in 1H18, Accident and Health premiums increased at a robust 5%.