Insurers are reporting modest increases in revenue from U.S. group life and U.S. individual disability policies already in force.
Combined revenue from employer-paid and employee-paid group life rose 3% in 2007, to $18 billion, even though premium revenue from new group life sales flattened out at about $2 billion, according to researchers at JHA, Portland, Maine.
In-force premium rates at the 32 insurers that participated in the JHA group life survey fell 1%, to 23 cents per $1,000 of coverage, while the average premium for new sales was about 19 cents per $1,000 of coverage.