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Voluntary benefits grew 9 percent in 2013, totaling $4.3 billion, LIMRA data finds.

Voluntary health product sales were $2.6 billion in 2013, a 13 percent increase from last year. Accident, critical illness and vision products grew by double-digits for the third straight year to drive overall growth in the voluntary health market. Term and whole life insurance sales were down most of the year, but rebounded significantly in the fourth quarter, ending the year up 2 percent at $1.4 billion.

 

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