Insurers that sell employee-paid products at the worksite may be relaxing underwriting rules.
About 63% of players in the voluntary insurance market say voluntary market standards have grown more liberal over the past 2 years, and 54% admit that their own companies' underwriting has become more liberal, according to results of an informal survey conducted by researchers at Eastbridge Consulting Group Inc., Avon, Conn.
About 63% of the participants said guaranteed issue amounts are increasing, and 54% said participation requirements are more liberal, the Eastbridge researchers report.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.