I'm Considering Selling a Small Piece of my LTCI Book of Busines

originally posted by Charlie456

Has anyone done this? Who did you sell it to and what kind of multiplier did you get?

Haven't looked in years, but it used to be 3-4 x your annual premiums.
But, every block is different. Depends on the age of your policyholders.

There was a time when the carriers themselves would buy the book. Not sure if that's being done today. You would have to look for a 3rd party.
 
Originally posted by scagnt83

I think you meant to say 3-4 times renewals... ??

Oh............
What I meant to say was that I was hoping they would pay 3-4 x the annual premium.
But they actually pay 3-4 x the annual renewals.

(If they paid 3-4 times the annual premiums, I would have been out of here a long time ago)

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originally posted by charlie456


I'm looking at LTC Global. We will see what they come back with.

Let us know what they offer.
 
Oh............
What I meant to say was that I was hoping they would pay 3-4 x the annual premium.
But they actually pay 3-4 x the annual renewals.

(If they paid 3-4 times the annual premiums, I would have been out of here a long time ago)

Id sell my small amount of LTCI in a heartbeat for a valuation of 3-4 times premium!! lol
 
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