What You Need to Know
- The total number of people with group term life coverage edged higher.
- The number of people with AD&D also increased.
- Premiums from new group term life sales fell even more than the number of people covered.
U.S. group term life insurance issuers did better at holding on to customers in 2020 than at making new sales.
Nicole Conti, an executive at Gen Re, has provided a look at U.S. group term life market performance in a summary of results from the company’s latest group life issuer survey.
The company received data from 29 group term life issuers.