Wednesday, June 17, 2009
LTC insurance sales shrink for second straight quarter
Individual long-term care insurance sales fell by a third in the first quarter, as consumers chose to spend their money on more immediate needs.
The 34% decline for the first quarter when compared to the fourth quarter in 2008 marks the second straight quarter where premium showed double-digit declines, according to LIMRA’s Individual Long-Term Care Sales survey.
Sales also sagged 32%, as did the average cost of coverage...
IFA Web News: LTC insurance sales shrink for second straight quarter
The 34% decline for the first quarter when compared to the fourth quarter in 2008 marks the second straight quarter where premium showed double-digit declines, according to LIMRA’s Individual Long-Term Care Sales survey.
Sales also sagged 32%, as did the average cost of coverage...
IFA Web News: LTC insurance sales shrink for second straight quarter
Permalink posted by markw @ 10:30 AM 
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