PRESS RELEASE:

Defying Economic Slowdown, Long Term Care Insurance Agency Explodes; Nearly 200 Agents Added in 12 Month, More Sought

| From

KIRKLAND, Wash., May 5 (SEND2PRESS NEWSWIRE) -- Recession? Retrenchment? Nah. Not for LTC Financial Partners LLC, one of the nation's most experienced long term care insurance agencies. Known as LTCFP or "The Partners," the firm now has 456 agents, up from 264 last year, 167 in 2006, and 91 in 2005. Started in 2003, LTCFP is now profitable and paid its second annual dividend last month. "We're planning continued strong growth this year," says Cameron Truesdell, CEO, "and we're looking for hundreds of new agents over the next couple of years."

Caption: LTC Financial CEO Cameron TruesdellWhy the bullish prospects? Truesdell gives three reasons. First, he says, "Our clients keep on paying their premiums. They don't want to lose this valuable protection."

The second reason is the sheer size of the untapped market. "Only about 10% of the people who could benefit from long term care insurance now have it," Truesdell estimates. "Our agents have no lack of qualified, interested prospects."

The third reason for LTCFP's bullishness is the energy of its agents, reinforced by the firm's strong support. This support includes --

* Dividends based on ownership shares. Agents who become Partners own a piece of the business in the form of share grants. "This attracts top people," says Truesdell. "It also builds loyalty and enthusiasm, and gives agents an additional source of income, over and above their regular income from premiums and renewals." To Truesdell's knowledge, no other large, national long term care insurance specialist offers such a plan. For two years in a row, starting in 2007, LTCFP has distributed over $1 million in dividends annually to its Partners.

* Warm leads from multiple sources. "Our agents don't have to scrounge for prospects," says Truesdell. "We supply high-qualify leads from direct mail, the Internet, and alliance partners."

* Professional training and support. LTCFP recently formed an institute that trains qualified newcomers on the basics of LTC insurance, in just one week. In addition, senior agents are available to consult with newer agents at any time.

* Strategic relationships with professional organizations and corporations. Referral leads come from alliance partners including financial advisors, banks, in-home care providers, and associations such as the National Network of Estate Planning Attorneys. Opportunities for group sales come from relationships with a growing number of large corporations. "They're asking us to educate their employees on long term care planning," says Truesdell.

* Marketing support. LTCFP supplies its agents with personally tailored brochures, direct mail pieces, and other items without having to create this material themselves. The marketing department, which has won industry awards, also offers its agents individualized websites and public relations campaigns.

"In our business," says Truesdell, "we see no reason to cut back or slow down. With 77 million baby boomers starting to retire, we see a flood ahead, not a drought. We need more agents and need them now." More information is available at www.ltcfp.us/own.

News Source:
Like, Share, Save this press release:
  TWEET   SHARE   G+   STUMBLE   LinkedIn   Instapaper   Buffer

PERMALINK:
https://www.send2press.com/newswire/2008-05-0505-001.shtml
  LEGAL NOTICE AND TERMS OF USE:  
The content of the above press release was provided by the “news source” (LTC Financial Partners) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2008 LTC Financial Partners with newswire version Copr. © 2008 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Sep 26 2016:
[ count retired 8.4.16 ]

RELATED NEWS TOPICS:
New Locations and Growth, Insurance, or: Search

back to top
REFERENCES: LTC Financial Partners, long term care planning, LTC Financial Partners, experienced long term care insurance agencies, CEO Cameron Truesdell, LTCFP, National Network of Estate Planning Attorneys, educate their employees on long term care planning, news, press release from LTC Financial Partners, May 5, 2008, New Locations and Growth, , , , , Defying Economic Slowdown, Long Term Care Insurance Agency Explodes; Nearly 200 Agents Added in 12 Month, More Sought