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This top five carriers had a total sales increase of 14 percent for 2017 as compared to 2016. (Photo: Shutterstock)According to our annual U.S. Voluntary/Worksite Sales Report, new business annualized premium (voluntary sales) increased at a rate of almost 7 percent again in 2017, while total sales for the year were $8.145 billion.
Inforce premium increased about 3.2 percent in 2017 to an estimated $42.3 billion.
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Around 70% of financial advisors and plan sponsors agree, saying participants will make little to no change to their 401(k) contributions, in a new ‘State of the industry” report.
According to new data from Aon, employers offering voluntary benefits increased 27% during the past enrollment period.
Per-person spending has risen 21.8% since 2015.
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