Last year was a difficult year for the grouplife and disability market, as sales and inforce premium growthrates were either negative or in the low single digits, accordingto a report from Gen Re.
“Continued sluggish job growth and uncertainty around the fateof the Affordable Care Act are clearly influencing both employersand producers,” says Drew King, senior vice president, group &specialty division. “Voluntary results were better than traditionalgroup, as employers may be transferring costs and decision makingto employees.”
Carriers who participated in the company's 2011 U.S. group lifemarket and group disability market surveys reported more than $20.5billion in total group term life inforce premium, an increase of 3percent over 2010. Combined short-term and long-term disabilityinforce premium was up by just 1 percent, totaling close to $13.4billion.
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