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When looking at voluntary sales by product platform, group product sales continued to dominate individual products.Last month, we reported that voluntary new business annualized premium sales for 2018 was $8.5 billion, but since that time, the results have been updated to $8.513 billion, up 4.5 percent over 2017 sales. This article spotlights sales by product line and platform.
Term life was again the top-selling line of business, followed by dental, accident, short-term disability and critical illness. The graph below shows the mix of sales by line of business.
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FlexBenefits CEO Jeff Smedsrud doesn’t expect the biggest Affordable Care Act changes to show up until 2026.
CVS Health's Aetna unit and Elevance Health last week turned their backs on part of the Medicare plan market.
CNO, Lincoln, New York Life and Prudential are some of the companies competing harder for sales of products like critical illness and hospital indemnity insurance.
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