The move opens the huge, growing long-term care market to general insurance agents, financial advisors and others; with back-end support from LTC Financial Partners, they can offer specialized care solutions without becoming specialists themselves.
Kirkland, WA, March 12, 2014 -
Today LTC Financial Partners, LLC (LTCFP)
announces a broad expansion of its strategic partnership program. “We’re opening
our doors to seasoned senior-market professionals who want to expand their service
offerings through a turn-key process,” says Denise Gott, Executive Vice
President for LTCFP.
In recent years, key
strategic partners with LTCFP have been large organizations such as professional
associations. “Now we’re making our support available to a broader array of
small, medium, and large partners,” says Gott.
need not bother with the details of LTC planning, such as needs analysis, education,
plan design, and paperwork. “They can keep on doing whatever they’re doing,”
says Gott, “Then, whenever a client has a long-term care planning need, we’re
their back-office specialists. They will leverage one of our 350 experts, who
have the necessary LTC knowledge, certification, carrier relationships,
solution set, and support systems.”
partners include providers of financial advice, care services, general
insurance protection, or other services to older Americans 45 and up.
“We need 500 or more
to help us fill a huge, growing need,” says Gott. “We expect about 70% of senior
Americans to require some kind of long-term care at some point,” she explains.
“That’s about 54 million of our 78 million Baby Boomers, now entering
retirement. But only about 10% have LTC protections in place. If we had 5,000
strategic partners, we still couldn’t help everyone.”
Once selected, licensed
partners may share the revenues of a wide array of long-term care solutions. These include:
- LTC insurance policies from multiple
- Annuities with tax-advantaged LTC
- Life insurance policies with LTC riders.
“We think this is a
golden opportunity to serve and grow,” says Gott. “We can be a lucrative add-on
to many senior-focused practices.”
Over time, partners
may elect to strengthen their relationships with LTCFP in a number of ways,
opening the door to more substantial compensation and equity ownership.
available at the company headquarters: (866) 471-4072.
LTCFP is one of America’s
largest and most experienced long-term care insurance solution agencies. The
company is also a co-founder and sponsor of the "3 in 4 Need More"
campaign, which seeks to alert Americans to the long-term healthcare crisis,
and to multiply the number protected by long-term care planning.