The latest batch of mortality data from the U.S. Centers for Disease Control and Prevention (CDC) hints that disability insurers may benefit somewhat less from improvements in health than they have in past years.
Guaranteed standard issue programs are becoming increasingly common in the individual disability income insurance market. According to Milliman’s 4th Annual Survey of the U.S. Individual Disability Income Insurance Market, 15% of individual disability insurance sales in 2009 were issued through a GSI program, up from 11% in 2004.
Recently I have been touting the idea to disability insurers that it would be productive for senior doctors representing insurers to visit treating doctors in their surgeries.
Kevin Quinn, CFP, RHU -- Disability Income Regional Vice President -- Principal Financial Group, dispels the myths around individual disability insurance underwriting. During this presentation, you'll learn the three main factors that impact the underwriting process and how to make the underwriting process work for you.
An executive at Unum Group Corp. says the company is glad it has tried to take a disciplined approach to selling group disability insurance in the past few years.
These leading annual industry benchmark surveys cover Group Term Life, Accidental Death & Dismemberment (AD&D), Short Term Disability (STD), and Long Term Disability (LTD) inforce and sales premium results for 2010. Thirty-two insurance carriers participated in the Life Survey, while 28 carriers participated in the Disability Survey.
There is a growing trend among insurers to strengthen their in-house rehabilitation resources. Some have included among their claims management processes a requirement of claimants to undergo formal assessment to provide a functional job description. Article discusses how independently useful resources can be linked into one cohesive tool in determining the occupational limitations imposed by the condition and achieving return to work outcomes.
The 2010 Fact Book provides statistics and information on trends in the life insurance industry. Specific topics covered include assets, liabilities, income, expenditures, reinsurance, life insurance, and annuities.
Income Protection insurance is framed around the interplay between an insured’s illness, injury or diagnosis and the resultant inability to work, usually in their own or usual occupation. While much attention is typically given to the details of the sickness or injury, often less is known about the occupational aspects, the duration off work and how soon they will regain sufficient function to return to work.
