Individual Disability Insurance, New Issues Sales, 2019 (1)
| Annualized premiums |
Percent change, 2018-2019 |
Number of policies |
Percent change, 2018-2019 |
|
|---|---|---|---|---|
| Guaranteed renewable |
$124,410 | -5% | 192,791 | -10% |
| Noncancellable | 354,421 | 1 | 161,935 | -4 |
| Total | $478,831 | (2) | 354,726 | -8% |
(1) Short-term and long-term individual disability income insurance. Based on a LIMRA survey of 18 personal disability insurance companies. Excludes commercial disability income.
(2) Less than one-half of negative 1 percent.
Source: U.S. Individual Disability Income Insurance Sales, 2019 4th Quarter, LIMRA, 2020.