Close Close

Life Health > Health Insurance > Health Insurance

LIMRA: Premiums, Lives Increase At Group LTC Plans

Your article was successfully shared with the contacts you provided.

New annualized premiums increased 16% for U.S. employer-sponsored group long term care insurance plans in 2007, and the number of employees participating in the plans increased 20%.

Between 1997 and 2007, the compound annual growth rate of group LTC sales was 12%, according to researchers at LIMRA International, Windsor, Conn.

In 2007, 5 out of 12 insurers participating in the LIMRA group LTC survey reported growth in employer-sponsored sales.