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

Life Health > Life Insurance

Eastbridge: Critical Illness Sales Show Healthy Gains

Your article was successfully shared with the contacts you provided.

Voluntary critical illness insurance sales were 88% higher in 2009 than in 2008, according to Eastbridge Consulting Group Inc.

Voluntary critical illness insurance has been the fastest-growing employee benefit in the worksite market, Eastbridge says.

Eastbridge has based those voluntary market sales figures on a survey of 60 group and individual worksite marketing carriers.

Overall voluntary benefit product sales increased 3.3% in 2009, to $5.4 billion.

Voluntary market sales increased 67% for long term care insurance, 42% for vision care coverage, 27% for accidental death and dismemberment coverage, and 21% for term life insurance.

At the other end of the spectrum, voluntary dental sales fell 11%.



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