KIRKLAND, Wash. — 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:
Anmuth, Shela Apostolides, Steve Ashley, Mike Baran, Pattianne Bargfrede, Bill Bayer, Marybeth Brefere, Steve Bressler, Kevin Charno, Jay Christensen, Deb Croll, Rich Cullen, John Cutler, Gene Dare, Debbie Davis, Shawn Dubois, Melissa Fenton, Jeanne Flanagan, Cathy Foss, Steve Francia, Lee Gilbert, Penny Gilmour, Tom Golfin, Larry Gott, Denise Gottlieb, Howard Gould, Nancy Grove, Todd Guilin, Rhonda Hanson, Barbara Harris, Cindy Heinert, Larry Herman, Andrew Herman, Rich Hoeschel, Andre Holland, Bill Horowitz, Curt Horowitz, Rich Kapfhammer, Shelly Khemis, Christine Kintz, Ginny Kitchin, Bill Krieger, Sharon Landau, Rich Lenihan, Susan Levine, Rich Levy, Jerry Loesch, Pamela MacMillan, Susan Martin, Stana Marx, Gary McClellan, Bob McRae, Margie Melnikoff, Gary Merritt, Ken Napel, Jeff Nettles, Kay Ocilka, Mike O'Neill, Patricia Pascale, Gary Perloe, Ross Perry, James Pollock, Amy Ragborg, Jennifer Rauser, Debbie Rinehart, Wendy Rinehart, Zachary Robinson, Michael Schaefer, Rosanne Shields, Philip Soslow, Ted Sotirion, Linda Stanley, Sandra Steeves, Diane Steichen, Mary Stewart, Jimmy Taylor, Paula Vaira, Linda Varenchik-Martz, Sue Wardell, Mark Warner, Tod Weber, Laura Wynn, Valerie
In 2009, LTCFP plans to add 300 to 500 new agents, bringing the total to more than 800. They’ll all be eligible for Partnership. “If they work hard and do well, they can make it in a single year,” says Smith. Information on joining LTCFP is available at http://web.ltcfp.com/ltcfp/join-our-partnership.aspx .
In honoring LTCFP, Inc. magazine noted the firm’s 280.9-percent growth over a 3-year period. “Not every insurance company is doing well,” says Smith. “We insist on thinking positively and rewarding bullish behavior.”
Send2Press(R) is the originating wire service for this story, Copr. 2009.
[tags]President Craig Smith, Inc 5000 list, LTCFP, LTC Outreach and Education Program[/tags]