Navigation Links
No Bailout Needed: Long Term Care Insurance Leader Declares Dividend, Plans Strong 2009 Growth
Date:3/16/2009

Dividend Is Justified by Revenue Increases that Show No Sign of Abating

KIRKLAND, Wash., March 16 /PRNewswire/ -- 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% per share over last year. "We can do it because business is great," says Cameron Truesdell, CEO. "Year to date, sales are up 25% over the same period last year, and we're bullish on the rest of 2009."

*(PHOTO 72dpi: Send2Press.com/mediaboom/08-0505-LTCTruesdell_72dpi.jpg)

*(Photo Caption: LTC Financial CEO Cameron Truesdell)

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.

This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com


'/>"/>
SOURCE LTC Financial Partners
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Billions for Bank Bailouts, But How to Rebuild the Brands? NeuroFocus Reveals New Brainwave-Based Solutions
2. FRC Condemns President Obamas $441 Million Bailout of International Abortions
3. President Obama Gives the Unborn at Least a 24 Hour Reprieve, Postpones $441 Million Bailout of International Abortions, Says Family Research Council
4. Caregivers Need a Bailout Too! (or 1% for Families)
5. After Financial Bailout, a Long Term Care Bailout? No, Industry Expert Says, Pointing to Recent Congressional Action
6. Needed: Blood Donations
7. Early Detection Methods for Pancreatic Cancer Urgently Needed: A Statement From the Pancreatic Cancer Action Network
8. One of the Largest Post-WHI Physician Surveys Shows More Education is Needed: Patient Misinformation About Hormone Therapy Remains High
9. Eye Care Checkups Tied to Insurance Status
10. Home Care Delivered, Inc. Launches Proprietary Insurance Payer Management System
11. MIB Life Index Reports North American Life Insurance Activity up 1.1% in February
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/11/2016)... , ... February 11, 2016 , ... The president released ... Military Health System but would shift more of the cost burden to military beneficiaries. ... plan laid out in the defense budget as including limited quantifiable benefit fixes mixed ...
(Date:2/11/2016)... Texas (PRWEB) , ... February 11, 2016 , ... ... plastic surgery, dermatology and women’s health, is pleased to announce the promotions of ... Development Partners sales team, Steve Catone to executive vice president of North American ...
(Date:2/11/2016)... (PRWEB) , ... February 11, 2016 , ... ... call for nominations seeking candidates for the Board of Commissioners. Individuals interested in ... skills and experience with diversity of clinical practice settings and across allied health ...
(Date:2/11/2016)... (PRWEB) , ... February 11, 2016 , ... ... commencement of a master charity program created to assist the people of their ... working closely with nonprofit organizations and community leaders. Their hope is to bring ...
(Date:2/11/2016)... ... February 11, 2016 , ... ... their ongoing community involvement program, introduces a new charity campaign to raise funds ... are now being accepted at https://donate.rmhc.org/ . , Ronald McDonald House (RMH) ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... ALEX , has taken Kickstarter by storm, crowdfunding over $60,000 – or 120% of its original ... to be delivered to backers starting May of this year. ... ... ... Created by NAMU, a team of biomedical engineers out of ...
(Date:2/11/2016)... ROLLING MEADOWS , Ill. and INDIANAPOLIS ... major milestone for many young people, but for those ... demanding. Not only do these students juggle class schedules, ... challenges of living with type 1 diabetes. On top ... the first time. Diabetes Scholars Foundation ...
(Date:2/11/2016)... Feb. 11, 2016  AbbVie, a global biopharmaceutical ... Scholarship, designed to provide financial support for exceptional ... pursue higher education goals. Fifteen scholars will be ... school year. The AbbVie Rheumatology Scholarship is currently ... vice president, corporate social responsibility, brand and communications, ...
Breaking Medicine Technology: