The disability income industry prepares for the next millenium

Article Abstract:

The disability insurance industry is focussing its attention on the baby boomers. Since the boom period of the 1980s the industry has become more conservative and and has fallen under intensifying scrutiny due to soaring medical costs and a relative lack of previous regulation. Baby boomers have to be more self-sufficient than their parents and the use of disability insurance is one way they can provide for their future well-being. Companies will be targeting the boomers and small business markets in the face of increasing competition in the industry. The changes the industry needs to make to penetrate these markets are discussed.

Demographic aspects

---

Individual disability income insurance: a new look at the next millennium

Article Abstract:

Insurance companies who sell individual disability income insurance need to address the specific issues involved in these products, such as the lack of industry-wide information for risk assessment and difficulties in determining level of disability. Many companies ran into difficulty with policies that encouraged clients to remain on disability because of riders preventing loss of income even if they did not work. More clients are seeking disability insurance, making it a growth industry but care must be taken in creating and administrating the products.

Direct Health and Medical Insurance Carriers, Surety insurance, Income Loss Insurance, Product information, Contracts, Risk (Insurance)

---

Market conduct: whose job is it?

Article Abstract:

The American Council of Life Insurance instituted the Insurance Marketplace Standards Assn (IMSA) as a means to address negative public opinion, government actions, and lawsuits. IMSA membership is open to eligible insurance industry companies which want to improve their internal customer relations procedures and increase public confidence in their companies and the industry generally. Senior management's consistent committment to superior market conduct is necessary.

Standards, Ethical aspects, Insurance Marketplace Standards Association

Similar abstracts:

• Abstracts: Certain income maintenance benefits not "other benefits" permissible under VEBAs
• Abstracts: Learning disabilities and employment: a comprehensive overview and proposal for uniformity. AIDS and the ADA: maneuvering through a legal minefield
• Abstracts: The employment at will doctrine: Nevada's struggle demonstrates the need for reform
• Abstracts: Noncancellable disability insurance policies undergo sweeping changes as provisions are tightened
• Abstracts: "Without knowledge of the disability": an emerging limitation to liability under the ADA. Examining the relationship between employers and health professionals under the ADA

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.