LTC Financial Partners

LTC Financial Partners, LLC (LTCFP), based in Kirkland, Washington,[1] is one of the largest long term care insurance agencies in the United States. Its field is one of growing importance as millions of Baby Boomers reach retirement age, and as health reform acknowledges the care needs of an aging population. The company also offers hybrid policies that combine long term care benefits with features of annuities and life insurance; long term care education; and reverse mortgages.

NOTE: On July 2, 2014, LTC Financial Partners, LLC and LTC Global Marketing Inc. announced the completion of the merger of the two companies into one of America’s largest distributors of senior market insurance products. Industry veteran Denise Gott, formerly Executive Vice President of LTC Financial, now serves as Chief Executive Officer of the new combined entity. There are now two marketing units, ACSIA Partners LLC (ACSIA) and United Insurance Group Agency, Inc. (UIG). ACSIA will offer long term care insurance and related services. UIG will offer Medicare Supplemental Insurance, Medicare Advantage and Part “D” Prescription Drug coverage.

(The rest of this article needs updating.)

Company background

LTCFP (in California, LTC Partners & Insurance Services, LLC) was founded in April, 2003 by Cameron Truesdell and Craig Smith. Cameron Truesdell was the president and a principal in LTC Inc., one of the early national agency firms for LTC insurance. Craig Smith held the position of national sales manager within the same firm. LTC Inc. was founded in 1985 and built the largest LTC insurance career force in the United States. LTC Inc. was later sold to GE Capital in 1997.

LTCFP claims to be the only producer and employee-owned national organization of long term care insurance specialists in the United States.[2]

Serving the LTC insurance needs of consumers as well as organizations, LTCFP also publishes LTC financing information, including Dignity for Life: Five Things You should Know Before Considering Long Term Care Insurance[3].

In 2006 LTCFP introduced a new tool for human resource managers, called the LTC Outreach and Education Program(TM) or LTCOEP(TM)for short. The aim is to help HR managers change their departments from cost centers to profit centers. The program does this by helping employees cope with the productivity-draining prospect of caring for family members, such as aging parents, who can no longer care for themselves. By freeing themselves from needing to provide care personally, employees regain the ability to focus on work. LTCOEP(TM) is available free to companies and non-profit organizations of all sizes.

In 2010 LTCFP announced the formation of a new affiliate, Reverse Mortgage Direct, LLC, RMD for short. RMD provides reverse mortgages to Americans 62 and up. The aim is to provide an alternative source of long term care funding for seniors who may not qualify for long term care insurance. Proceeds may also be used for other purposes, such a home improvement; and the funds allow incapacitated seniors to live in their own homes longer. RMD's president is Josh Stephens.

LTCFP is the original founder and a co-sponsor of the “3 in 4 Need More” campaign, which seeks to alert Americans to the long term healthcare crisis, and to multiply the number protected by long term care planning. The campaign is run by the 3in4 Association, a nonprofit that operates as a 501(c)(4) corporation. LTCFP spearheaded the association's creation and enlisted the support of insurance carriers, care providers, insurance agencies, and others concerned about the critical, growing need for extended care.

Awards and recognition

For four years in a row, Inc. Magazine has selected LTCFP as one of the nation’s 5000 fastest-growing companies. Among companies in the insurance industry, LTCFP regularly ranks among the top 40.[4] The company appears to have no rivals for rapid growth among national insurance agencies specializing in long term care.

References

  1. ↑ Contact information, LTC, retrieved 2011-08-19
  2. ↑ LTC Financial Partners website
  3. ↑ Dignity for Life: Five Things You should Know Before Considering Long Term Care Insurance, LTC Financial Partners, LLC; 4th edition (April 2, 2007)
  4. ↑ Inc. Magazine website

http://medicaremadeeasyct.com/supplement-plans-in-ct/

External links

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