LTC Financial Partners, a leader in providing long-term care insurance, says business is booming.
The agency has announced 2009's growth was so strong and the future so promising, it's seeking to expand by an adding 300 agents this year, an increase of about 60 percent over last year.
LTCFP's submitted premium was up 20 percent for the year and 37 percent for the last quarter compared to Q4 2008. Profit was an all-time high of $2.31 million, up about 73 percent over 2008 profit of $1.34 million. Earnings were $0.26 per share, an increase of about 70 percent over 2008's earnings of $0.15 per share.
Perhaps most significant for LTCFP's agents, dividend payments -- to be made this month -- will be $0.20 per share, an increase of 40 percent over last year's dividend. "All LTCFP Partners get dividends," said Cameron Truesdell, CEO, in a statement,"and all of our agents may become Partners based on their performance." Unique in the industry, LTCFP's dividend payments constitute an additional revenue stream beyond commissions and renewal income.
LTCFP says experience in long-term care insurance is a plus, but not necessary. "Our LTC Insurance Training Institute trains good people from scratch," Truesdell said. "We're looking for men and women with intelligence, social skills, ambition, and a sincere desire to help others. With those basics, we can get them up to speed and state-certified in short order."
More information is available at http://web.ltcfp.com/ltcfp/careercenter.aspx.
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