The Lungen Group

The growth in demand for voluntary and worksite products has become an integral part of a benefits plan. In addition, insurance carriers have responded, recognizing that worksite marketing is an effective way to boost revenues and profits.

Economic pressures on employers benefit plans and the continued emergence of new benefit products are key factors to the annual growth in the Voluntary market.

In 2006:

• Voluntary sales realized their third straight year of increasing growth rates.
• Total worksite sales for 2006 were estimated at almost $4.8 billion, a growth rate of 8 percent over 2005.
• In-force premium also increased by about 10 percent, compared to 7 percent in 2005.

It is estimated that the Voluntary market may reach approximately $80 billion in non-medical annualized premium by 2008 and rise to approximately $109 billion by 2013. Overall, the market is growing at a rate of 7% (CAGR), with disability, medical and dental products growing at a faster rate.

According to the U.S. Department of Labor, Bureau of Labor Statistics, the United States' largest industry, health services and research, is projected to experience the largest single industry job growth through 2014.

Worksite administration is a complex and expensive business, whether you're just starting out in the market or an established player. It spans many functions across the entire worksite sales process, all of which need to work together seamlessly.

The Lungen Group and its solutions specialize in worksite administration, so we can concentrate on supporting the whole worksite sales process for you. This includes case underwriting, enrollment support, education, policy issue, premium billing, commission processing, customer service, sales and claims.