(Bloomberg) -- The cost of long-term disability claims rose for at least a fifth straight year as expenses tied to the aging workforce drove payments higherfor insurance companies.
Insurers paid $9.8 billion in disability claims in 2013, even as the number of workers receiving the payments fell for a second straight year amid a decline in the jobless rate, according to a report today by the Council for Disability Awareness.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access