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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
August 14, 2001 at 08:00 PM
NU Online News Service, Aug. 14, 11:35 a.m. – Universal American Financial Corp., Rye Brook, N.Y., is reporting $6.1 million in net income for the second quarter on $75 million in revenue, up from $5.6 million in net income on $72 million in revenue for the second quarter of 2000.
Revenue growth was slow because Universal American is in the process of canceling near all of its individual major medical policies, the company says.
But sales of products sold through career agents and sales of products aimed at older consumers were strong, and revenue for products other than individual major medical products grew about 13%, the company says.
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