Workplace Life & Disability See Growing Demand

Workplace Life

The year ended well for workplace benefits sales, particularly life insurance, which recorded double-digit growth in the fourth quarter and the year, according to a LIMRA survey.

Patrick Leary of LIMRA says that, “Insurance benefits remain a high priority for employees. New annualized premium for workplace life insurance, disability insurance and supplemental health products rose in 2021."

Life Insurance

The Pandemic Has Moved Life Insurance to the Forefront

pandemic life insurance

The pandemic has spurred many people to start end-of-life planning. Sixty-five percent of consumers now have a will and a life insurance policy, according to a survey by Consumer Affairs. Respondents took out an average of $60,000 in coverage for a life insurance policy. 
Ten years is the most typical term. Encouragingly, 88% say their life insurance policy meets their needs.

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