Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Eastbridge: Worksite Carriers Are Still Innovating

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

About 80% of voluntary benefit carriers plan to introduce at least 1 worksite product over the next year or so.

About 30% of the carriers expect to introduce more products over the next year than they usually do, according to researchers at Eastbridge Consulting Group Inc., Avon, Conn.

Another 49% expect to introduce about the same number of new products, and 22% expect to introduce no new voluntary products, Eastbridge researchers report.

Term life products may be the most common new employee-paid group products, and critical illness products may be the most common new employee-paid individual products, the researchers predict.

For both group and individual lines, universal life-whole life products ranked third in terms of new-product development activity, followed by cancer plans and vision products.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.