Monday, April 09, 2007
LTC Insurance Sales to Grow 15% in 2007": Say What?
In the January 27th edition of the LTCi Digest (an Internet publication), the American Association of Long-Term Care Insurance stated:
“Sales of individual long-term care insurance policies are poised to grow again in 2007 with a projected increase of some 15% over 2006 sales. Following a 2006 first quarter decline of 10% and the second quarter's 15% decline, new premium for the third quarter declined just five percent compared with the same three-month period in 2005."
Let me understand this: LTCI sales declined by 30% over the first three quarters of 2006 but, based on a five-percent decline in the third quarter, one can project a 15% increase for 2007? Let’s see: -10%, -15% and -5% = +15%? I’m no math expert, but that formula doesn’t make much sense to me.
LTC Insurance Sales to Grow 15% in 2007": Say What?
Source: Insurance News Net
“Sales of individual long-term care insurance policies are poised to grow again in 2007 with a projected increase of some 15% over 2006 sales. Following a 2006 first quarter decline of 10% and the second quarter's 15% decline, new premium for the third quarter declined just five percent compared with the same three-month period in 2005."
Let me understand this: LTCI sales declined by 30% over the first three quarters of 2006 but, based on a five-percent decline in the third quarter, one can project a 15% increase for 2007? Let’s see: -10%, -15% and -5% = +15%? I’m no math expert, but that formula doesn’t make much sense to me.
LTC Insurance Sales to Grow 15% in 2007": Say What?
Source: Insurance News Net
Permalink posted by armandn @ 11:42 AM 
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