Wednesday, June 17, 2009


Disability Insurance Sales Rise

Sales of individual guaranteed renewable disability insurance policies have been holding up well during the recession, and are expected to grow at an attractive clip. Higher-income individuals are also buying bigger-ticket policies.

Over the past four years, sales of individual guaranteed renewable coverage grew at an annual rate of 5 percent to $211 million in 2008,according to according to insurance trade group LIMRA. Sales of group coverage, as well as non-cancelable individual coverage, declined in the first quarter, but remained up about 10 percent over the same period.

Karen Terry, manager of individual product research at LIMRA, believes more will get disability coverage as the economy improves...

Registered Rep: Disability Insurance Sales Rise

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