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New report from Eastbridge Consulting Group looks at voluntary cancer products

AVON, CONNECTICUT, USA (April 10, 2009)

Despite the publicity around critical illness products over the past 10 years, cancer sales still surpass critical illness sales by as much as four to one in the voluntary/worksite market (based on new business annualized premium for the industry). Eastbridge Consulting Group’s Voluntary Cancer Products2009 report examines the current state of cancer products in the market and takes a close look at the voluntary cancer products of 10 carriers. For each carrier, the report details platform, plan type, benefits, underwriting, premium structure, and commissions. It also gives the carrier’s predictions for the future of voluntary cancer insurance and concerns regarding future trends in this market.

Here’s a preview of some of the study findings:

  • The majority of today’s cancer plans remain specified benefit as opposed to lump-sum plans.
  • Most carriers believe there will continue to be a market for both cancer and critical illness plans.
  • Many carriers offer different levels of benefits and optional riders that allow benefits to be customizable to individual needs.

The report is now available for purchase for just $2,500. More information about the report, including the table of contents, is available on Eastbridge’s website. To purchase the report, call us at (860) 676-9633 or email info@eastbridge.com.

Eastbridge Consulting Group, Inc. is a marketing advisory firm serving insurance and financial services organizations in the United States and Canada.