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Unum Reports On 2007 Group LTC Results

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Unum Group Corp. sold group long term care insurance policies to 1,186 new groups in 2007 and added about 83,000 group LTC plan participants.

Total in-force group LTC policies now cover more than 7,000 groups and 653,000 people, according to Unum, Chattanooga, Tenn.

The company received about $28 million in annualized premiums from new group LTC plans, and about $220 million in annualized premiums for all group LTC coverage.

The percentage of group LTC business that is all or mostly employer funded increased to 90% in 2007, from 50% 5 years ago, Unum says.