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:10/13/2017)... ... October 13, 2017 , ... Many families have long-term insurance that covers ... companies have a waiver for care if the client has a cognitive impairment diagnosis. ... pays for care, is often waived, so the benefits from their insurance start immediately,” ...
(Date:10/13/2017)... ... October 13, 2017 , ... Ellevate Network, the leading network for professional ... action towards gender equality at their inaugural Summit in New York City in June. ... a social audience of over 3 million. To watch the Mobilize Women video, ...
(Date:10/13/2017)... ... October 13, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at The ... the most popular and least understood books in the Holy Scriptures, Revelation. The Book ... have baffled scholars for centuries. Many have tossed it off as mere rubbish, but ...
(Date:10/13/2017)... ... October 13, 2017 , ... Coveros, a leader in ... awarded a contract by the Center for Medicare and Medicaid Services (CMS). The ... enterprise use of Agile methodologies in a consistent and high value manner across ...
(Date:10/13/2017)... ... , ... “America On The Brink”: the Christian history of the United States ... creation of published author, William Nowers. Captain Nowers and his wife, Millie, have ... thirty years in the Navy. Following his career as a naval aviator and ...
Breaking Medicine News(10 mins):
(Date:9/23/2017)... HORSHAM, Pa. , Sept. 22, 2017 ... received a complete response letter from the U.S. Food ... (BLA) seeking approval of sirukumab for the treatment of ... response letter indicates additional clinical data are needed to ... of moderately to severely active RA. ...
(Date:9/19/2017)... --  ZirMed Inc ., a recognized leader in cloud-based revenue ... been ranked #1 by its users for the seventh consecutive ... Survey. ZirMed was recognized as the top-ranked end-to-end revenue cycle ... over 200 beds and holds one of the longest #1 ... ...
(Date:9/12/2017)... and NEW YORK , Sept. 12, 2017 ... performance ratings for global supply chains, has published the first annual edition ... CSR performance of more than 20,400 companies evaluated by EcoVadis, based on ... 2015 and 2016. ... EcoVadis Global CSR Risk & Performance Index ...
Breaking Medicine Technology: