Also in this issue:
Past Issues
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Spring 2008 / No. 75
Look for our New Spotlight Report on VSTD Products
Short-term disability plans have long been a mainstay of the voluntary product portfolio. In 2006, these plans accounted for the largest percentage of sales of any single product—roughly 17 percent of sales or over $815 million. But competition is tough. Today, there are voluntary group plans, traditional individual worksite plans, and then a hybrid of the two—plans filed on a group platform but administered more like an individual plan. It’s hard to keep up and know how best to position your product!
But coming in May, Eastbridge’s study, Voluntary Short-term Disability Products, will help you compare your product to others in the marketplace. With data from 25 different carriers, this report is the most comprehensive source of data on carrier best practices relative to their short-term disability products.
Here are a few items covered in the report:
- Product features including platform, product type, minimum/ maximum benefits, durations, definition of disability, exclusions, etc.
- Underwriting guidelines used with the plans
- Product results including sales, persistency, and profitability
Look for an e-mail in May regarding the report availability.
The report will be available for sale for $4,000. To make sure you get your copy, call us today to pre-order.
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