Number of Individual Disability Policies Holds Steady: Gen Re

U.S. issuers of individual disability insurance were covering about as many people in 2022 as in 2021, according to new insurer survey data from Gen Re.

The number of in-force individual disability insurance policies held steady at 3.1 million, and revenue from those policies increased 3%, to $5.3 billion.

The number of new policies sold increased 3%, to 265,249. New sales premium rose 11%, to $457 million.

What It Means

Many of your clients are getting a modest amount of disability insurance through their employer.

The Gen Re figures suggest that the odds that a client has enough disability insurance in place to protect the lifestyle of a high earner are low.