Feeling the Pinch?

February 2009
Best's Review;Feb2009, Vol. 109 Issue 10, p73
Trade Publication
The article reports on the impact of the economic recession on the sales of group long-term care insurance in the U.S. It cites that sales continue to hold steady in the midst of the slumping economy. However, a report that looks at the impact of a recession on insurance sales and persistency has predicted that the group insurance industry would feel the most pain in an economic downturn. The said impact is expected to be more on new sales rather than people cancelling their current coverage.


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