The voluntary, employee-paid group term life market continues to grow faster than the traditional, employer-paid group term life market.
In-force premium revenue grew 3% for traditional group term life in 2005, to about $15 billion, while in-force premium revenue grew 9% for voluntary group term life coverage, to $1.4 billion, according to researchers at Gen Re LifeHealth, Stamford, Conn., and its sister company, JHA, Portland, Maine.