Close Close
ThinkAdvisor

Life Health > Life Insurance

LTD Leads Worksite Sales Growth: LIMRA

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

Voluntary worksite life insurance sales were about 5% lower in the first half of 2007 than they were in the first half of 2006.

Researchers at LIMRA International, Windsor, Conn., are reporting that finding in a summary of results from a survey of 32 worksite carriers.

Sales of term life continued to outpace sales of permanent life insurance and accident death and dismemberment coverage, and long term disability and dental premiums continued to show strong improvement, the researchers report.

AD&D worksite sales fell 19%, LIMRA researchers report.

That figure mostly reflects stand-alone AD&D coverage, and many workers get AD&D coverage through term life riders, the researchers note.

Long-term disability insurance premiums were up 50% year over year.

Dental premiums rose 20%, short-term disability insurance premiums climbed 13%, and medical product premiums increased 6%.