ROCHESTER, N.Y., June 3 MedAmerica reports 2007 was its17th consecutive year of growth and positive operating results. In addition,MedAmerica outperformed the long-term care insurance industry for the lastfive years with a compound annual sales rate of 10%. (LIMRA 2007)
MedAmerica Insurance Company of New York (Home Office: Rochester, NY),MedAmerica Insurance Company (Home Office: Pittsburgh, PA), and MedAmericaInsurance Company of Florida (Home Office: Winter Park, FL) are the long-termcare insurance subsidiaries of Lifetime Healthcare, headquartered inRochester, N.Y. In combined financial statements, The MedAmerica Companiesreported that:
In addition to solid financial performance, 2007 marked the launch ofMedAmerica's Simplicity ii(SM) cash long-term care insurance, which is thehighest independently-rated long term care policy being sold in the U.S.*
"Our vision is to stand out as a company that is innovative and responsiveto our customers' future needs," says Christopher D. Perna, president and COO."MedAmerica is focused on making long-term care protection easy andaffordable."
MedAmerica's Annual Report can be accessed from its Web site,www.MedAmericaLTC.com.-- Assets increased by 12.5% to $983 million -- Premium revenue increased 6.1% to $134.2 million -- In-force policies increased to over 116,000