Another thing we can blame on the economy: The U.S. individual disability income market's combined premiums dropped for the second consecutive year as a result of poor economic conditions.
But there's good news: The drop from 2009 to 2010 (3.4 percent) was significantly lower than the previous year (12.5 percent), signaling future sales may be on the rebound.
This information comes from a 2011 survey by Milliman of the IDI market. Although the economy has caused depressed sales, it has not resulted in unfavorable claim trends—the survey found there is an underlying strength in claim experience and overall profitability.
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