Much of the rise in popularity of voluntary term life coverage comes from more employers either reducing or eliminating their employer-paid term coverage. Sales for voluntary term life plans have doubled since 2008 and now comprise nearly 22 percent of the overall voluntary market, the largest percentage of any one voluntary product.
The 2016 Voluntary Term Life Products Spotlight™ Report is designed to help carriers better understand the competitive landscape around term life plans sold at the worksite. The report provides data from 22 carriers active in the market and covers such topics as product features and benefits, underwriting guidelines/eligibility parameters, commissions, pricing and challenges/future trends.
Following are a few additional findings from the report:
Voluntary Term Life Products, a Spotlight™ Report
The cost of the report is $3,000. To purchase, call
Eastbridge Consulting Group, Inc. is a marketing advisory firm serving insurance and financial services organizations in the United States and Canada.