Life combo product sales plummeted during 2020 pandemic
Total new premium for individual life combination products decreased 23% to $3.7 billion in 2020, according to LIMRA’s 2020 U.S. Individual Life Combination Products Annual Review.
Health Insurance
LTCI rates remain largely stable in past 5 years, AALTCI finds
Association’s latest long term care insurance price index data shows men’s rates fairly stable (or have even dropped) since 2016, but women’s rates jump in prolonged low interest rate environment.
COVID-19 a top cause of disability for U.S. workers
Disability claims for behavioral health on the rise according to internal data from Unum.
Study reveals how pandemic impacted long-term care costs
LTCG’s Annual Cost of Care Report benchmarks the prices of senior care, ranks most and least expensive states for home health aides and nursing homes.
AHIP unveils refreshed brand, updated mission statement
New logo and updated mission intended to better align with its work, goals and commitments.
New short-term DI product launched for mid- and lower-income families
Haven Disability can be purchased through an entirely online application.
Interest in life combo products spikes
LIMRA survey finds pandemic has shifted perceptions about long-term care and life insurance.
1 in 6 workers stay in unwanted jobs for health benefits
New Gallup survey finds 16% with employer-sponsored health insurance stay put for fear of losing coverage.
Disability Insurance takes center stage in May
Scott Rider returns as DIAM spokesperson for annual awareness campaign featuring resources for agents.
Genworth terminates merger agreement with Oceanwide
After 4 years and 17 different delays, Genworth pulls plug on $2.7 billion deal to focus on revised strategic plan.
