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LOMA Directors Optimistic About 2004

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NU Online News Service, Jan. 26, 2004, 1:05 p.m. EST – This year could be a better year for life insurance companies than 2003, according to LOMA, Atlanta.[@@]

Most LOMA directors who participated in a recent informal survey agreed that the U.S. economy is showing signs of a gradual recovery, and that the upturn should lead to low to moderate sales growth and growth in sales of variable products, LOMA says.

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LOMA directors predicted that wireless technology, process automation and imaging will be the technologies to watch in the life insurance industry.