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

Industry Spotlight > Broker Dealers

Worksite Benefits Brokers Build Their Lead

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

Benefits broker were again the largest voluntary-worksite sales channel in 2008, with 46% of the market, according to an annual survey.

According to the tenth annual U.S. Worksite Sales Reportby Eastbridge Consulting Group, benefits brokers’ share of the worksite market increased by 8% over 2007, with sales for the year of almost $2.4 billion.

All told, worksite sales for last year were $5.2 billion, reports Eastbridge, Avon, Conn.

Eastbridge reports the following share of market data on the other worksite distribution channels:

–Career agents: 31%, down 6.9%.

–Classic worksite brokers: 14%, up 39%.

–Worksite specialists: 7%, down 7.9%

–Occasional worksite producers: 2%, down 27.5%

The survey was based on data from 62 worksite marketing carriers.


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.