The market for Individual Disability Insurance is showing tangible growth, possibly reflecting a greater awareness of income protection products that didn’t exist among buyers until the pandemic struck.
That’s the big takeaway from our latest U.S. Individual Disability Market Survey results. The annual benchmarking survey covers Non-Cancelable (Non‑Can), Guaranteed Renewable (GR), Buy-Sell, and Guaranteed Standard Issue (GSI) product lines for 2022.
Seventeen carriers participated, representing $5.3 billion of in‑force premium. Of those companies, 15 reported Non-Can results, 14 provided GR results and six reported on their Buy-Sell product. Eight companies provided GSI results.
Market Growth – New Sales Premium