From the September 2011 issue of Benefits Selling:
If you chose c, you're not like most Americans. Recent economic stress has driven life insurance ownership to very low levels, says Todd Katz, executive vice president for insurance products at New York-based MetLife. According to a recent MetLife study of employee benefit trends, 30 percent of American households have no life insurance coverage at all, and the average U.S. household owns enough life insurance to replace just 3.6 years of income.
"The economic downturn has definitely put more challenge in our business," agrees Pat Murphy, president and general manager for life and disability products at WellPoint, based in Indianapolis.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.