KIRKLAND, Wash. — In a development that should draw smiles from President Obama, this month LTC Financial Partners LLC (LTCFP), one of the nation’s most experienced long term care insurance agencies, will pay its shareholders $1,228,820 in dividends, an increase of 10-percent per share over last year. “We can do it because business is great,” says Cameron Truesdell, CEO. “Year to date, sales are up 25-percent over the same period last year, and we’re bullish on the rest of 2009.”
The majority of LTCFP’s shareholders are not financial investors but key support staff and agents who have become Partners. “We issue grant shares based on performance,” says Truesdell. “This not only rewards results, but motivates teamwork, public service, and the drive to keep on excelling.”
“We don’t need a bailout or government stimulus,” says Truesdell, “and we don’t need a recovery plan because we have nothing to recover from. Demand is strong, and we don’t let negative thinking talk us into holding back.”
In fact, this year LTCFP is looking to put 300 agents through its training program, to add to its current team of 540. “In our field,” says Truesdell, “there’s enormous opportunity for positive-minded people who dream big and like to serve the public. We’re the only large national agency where agents can earn shares in the business and get a piece of the action.” The dividends are over and above the regular income from premiums and renewals. “That’s unheard of in our industry.”
Privately held, LTCFP is a limited liability company. Inc. magazine recently placed the company 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 sales. Information on LTCFP and its ranking is available on the Inc. magazine site, at — http://www.inc.com/inc5000/2008/company-profile.html?id=200813530. The LTCFP home site is at http://www.ltcfp.com.
LTC Financial Partners is accepting applications from people in all states who want to join the organization. Details are available in a “Partner Package” document, which may be requested at http://web.ltcfp.com/ltcfp/join-our-partnership.aspx.