Group disability plans and group life plans protected fewer U.S. workers in 2009, according to JHA.
Researchers at JHA, Portland, Maine, the disability and group life reinsurance division of General Re Life Corp., Stamford, Conn., have published group disability and group life figures in a summary of results from a survey of 27 disability insurance carriers and a separate survey of 33 group life carriers.
New sales of group short-term disability and long-term disability insurance plateaued at about $2.3 billion, with sales of both group STD and group LTD about the same as in 2008.
Although new sales stabilized, revenue from in-force group disability cases fell 2%, to about $13 billion.
The number of U.S. workers with STD coverage fell about 3%, and the number with LTD coverage also fell about 3%, JHA reports.