Voluntary Term Life Products 2009
Voluntary life insurance is historically the most offered voluntary product. And according to Eastbridge research, it is still the most commonly offered product by carriers today. Life insurance is also the most frequently owned voluntary product by employees.
The Voluntary Term Life Products 2009 Spotlight Report is designed to help carriers better understand today’s competitive landscape around term life plans sold at the worksite. The report provides data from 16 different carriers active in the market including:
- Product features (product type, minimum/maximum face amount, available riders, etc.)
- Underwriting guidelines/eligibility parameters
- Pricing
- Commissions
Order Info: The
report is available for purchase for just $3,000. To order your
copy, simply email us at info@eastbridge.com or
call (860) 676-9633. Published 2009.
Table of Contents
1. Executive Summary
A. Report Objectives
B. Key Findings
C. Methodology
2.
Market Overview and General Carrier Information
A. Annual
Voluntary Term Sales
B. Top Carriers
C. Major Competitors
3. Detailed Product Data
A. Definition of Voluntary
B. Platform
C. Supplemental Life vs. Standalone Plans
D. Face Amounts
E. Benefit Type
F. Waiver of Premium
G. Accelerated Death Benefit
H. Spouse and Child Riders
I. AD&D Rider
J. Critical Illness Rider
K. Long-term Care Rider
L. Other Riders
M. Spouse Coverage Rules
N. Reduction in Benefits
O. Benefit Termination
P. Portability
Q. Conversion
R. Exclusions
S. Family Medical Leave
T. Employee Choices
U. Differentiating Features
W . Underwriting
1. Account Level Underwriting
2. Guaranteed Issue Underwriting
3. Simplified Issue Underwriting
4. Employee Eligibility
5. Smoking Question
6. AIDS/HIV Question
7. Differences in Underwriting
8. MIB Usage
9. Full Medical Underwriting
10. Open Enrollment Options
11. Additional Coverage Rules
12. Renewal Underwriting
X. Commissions
1. Commissions
Y. Costs
1. Premium Structure
2. Renewal Rates
3. Core vs. Buy-up Rates
4. Rate Comparisons
|
