Has Anybody Worked for LTC Financial Partners?

[ltcadviser]

Without them, you might forget to talk about a vital topic like rate increase histories. If you totally wing it each and every time, you will miss important points.

Ahh......no I won't...

 

[KarenLorenzo]

And this relates to the subject....how?

"I've read the precious post about said company and it is a few years old now. I'm considering going if on with LTC Financial Partners, I would be new to LTCI but have been selling life insurance for quite some time. Please let me know your thoughts and anything that I should know. I've been reading it all and would like to hear some first hand experience with either LTC Financial Partners or LTCI in general. Thanks, all!
"

as stated in the thread, he is asking for some thoughts since he is planning to be an agent for LTC financial partners, im just giving tip as a general guidelines on what people look for in choosing insurance providers

 

[Mackaroo]

OK, so no time limit on when you get them? (whenever they come in)


The leads are dependent on other LTCFP agents that might also be working that area?


I assume there are no exclusive territories. They give them out how they want to basically.

All correct. You also request zip codes for them to market in.

 

[CALTCAgent]

"I've read the precious post about said company and it is a few years old now. I'm considering going if on with LTC Financial Partners, I would be new to LTCI but have been selling life insurance for quite some time. Please let me know your thoughts and anything that I should know. I've been reading it all and would like to hear some first hand experience with either LTC Financial Partners or LTCI in general. Thanks, all!
"

as stated in the thread, he is asking for some thoughts since he is planning to be an agent for LTC financial partners, im just giving tip as a general guidelines on what people look for in choosing insurance providers

Oh, that makes sense now.

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All correct. You also request zip codes for them to market in.

So they can target internet leads by zip code?

Or is the main reason that they give them out based on who gets certain zip codes?

Once again, do you pay anything for leads? (there seems to be conflicting information here)

 

[ltcadviser]

Oh, that makes sense now.

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So they can target internet leads by zip code?

Or is the main reason that they give them out based on who gets certain zip codes?

Once again, do you pay anything for leads? (there seems to be conflicting information here)

LTCFP does not charge an agent for a lead. It pays 35% FYC commission; reduced renewals too; and no vesting for 3 years. LTCFP will profit over $2000-$3000 on every sale. The lead may cost $25 to generate. It will be marketed to over and over again. If 1/150 leads buys a policy LTCFP will break even on its marketing costs. Why on Earth would it charge an additional fee for a lead after reducing the agent's FYC to begin with? It gladly gives leads away as a carrot to incentivize agents to keep working for them. The agents do not have to pay anything out of pocket upfront to be given a lead.

 

[eddie]

They also advance you a portion of the commission on submit and not issue. You also have to assign commission to ltcfp.
If the client withdraws or gets declined you have a chargeback by default. No thanks. Now your trapped!

 

[eddie]

All correct. You also request zip codes for them to market in.

So how are things working out for this year so far at LTCFP?

 

[Mackaroo]

So how are things working out for this year so far at LTCFP?

Not bad. Not unexpectedly, the more you write the more leads you get. The difficult part is writing the first few policies when you have only b leads to work with. Overall, I think the system is fair. I am not impressed by senior agents who write a ton of business and new agents should not be in awe of them; they are getting a lot of leads.
The leads seem to be OK. Many prospects deny sending in cards or filling out something on the internet. but many clearly remember and are really looking. Several have no computer at all but are interested so they are not all (any?) internet leads I am getting.

 

[ltcadviser]

Not bad. Not unexpectedly, the more you write the more leads you get. The difficult part is writing the first few policies when you have only b leads to work with. Overall, I think the system is fair. I am not impressed by senior agents who write a ton of business and new agents should not be in awe of them; they are getting a lot of leads.
The leads seem to be OK. Many prospects deny sending in cards or filling out something on the internet. but many clearly remember and are really looking. Several have no computer at all but are interested so they are not all (any?) internet leads I am getting.

Are you allowed to write Genworth or Mass Mutual on the side; or are you limited to only writing Omaha, Hancock, Life Secure, Medamerica, Transamerica and United Security.

 

[Mackaroo]

Are you allowed to write Genworth or Mass Mutual on the side; or are you limited to only writing Omaha, Hancock, Life Secure, Medamerica, Transamerica and United Security.

LTCFP handles those (not sure about United Security) as well as hybrids from Genworth and most carriers.