82 Long Term Care Insurance Agents now associate the fast-growing species Agency 5000
December 23rd, 2009
While many U.S. companies cut back, one is growing rapidly and plans to keep on doing so, thank you, through 2009 and beyond. It’s LTC Financial Partners, LLC (LTCFP), a leading agency specializing in long term care insurance. In 2008 Inc. magazine ranked LTCFP No. 1,353 among all companies, and No. 12 in the insurance category, in its annual ranking of the 5,000 fastest-growing companies in the nation. Among insurance agencies, LTCFP is the fastest-growing one focusing exclusively on long term care insurance education and sales.
What accounts for LTCFP’s success? “One key is the prospect of ownership,” says Craig Smith, President. “Agents who perform well are made Partner, which brings them shares in the organization.” That means not just status, but a possible yearly dividend. “It’s a whole new revenue stream — ongoing income beyond their renewal commissions.”
In 2007 and 2008, the first two years dividends were paid, the Partners fared well. For example, Todd Grove of Maine received dividend checks of $11,577 and $13,233 for the two years; Gene Cutler of New York, $14,435 and $16,813. “We expect the amounts to grow substantially in the years ahead,” says Smith. “This is just the tip of the iceberg.”
Top performance in LTCFP reflects policy sales as well as assistance to other agents and public service in the partnership’s trademarked LTC Outreach and Education Program (LTCOEP(TM)).
In less than six years since its founding, LTCFP has grown to more than 500 agents. Of these, 82 have so far made Partner:
Categories: Financial Services |
