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Long Term Care Insurance Leader Seeks 320 New Agents in 2010, Following Strong 2009 Growth
Date:3/15/2010

KIRKLAND, Wash., March 15 /PRNewswire/ -- In an economy that seems stuck on stagnate, business is booming, thank you, for LTC Financial Partners LLC (LTCFP), one of the nation's most experienced long term care insurance agencies. In fact, 2009's growth was so strong and the future so promising, the firm seeks to expand its army of agents by 300 this year, an increase of about 60% over last year.

While the long term care industry was down about 30% in 2009, LTCFP's submitted premium was up a handsome 20% for the year and 37% for the last quarter compared to Q4 2008. Profit was an all-time high of $2.31 million, up about 73% over 2008 profit of $1.34 million. Earnings were $0.26 per share, an increase of about 70% 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% over last year's dividend. "All LTCFP Partners get dividends," says Cameron Truesdell, CEO, "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.


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SOURCE LTC Financial Partners LLC
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