Charlie456
Expert
- 88
Timing is pretty bad, huh?
Will this Marriage Finally Be Consummated?
- Thread starter Mr_Ed
- Start date
Timing is pretty bad, huh?
- 10,806
First, Jack allegedly spamming wiki has nothing to do with LTCFP. But in reality all you are trying to do is change the conversation.
Also, I personally could care less if he did. Jack's site is much more informative than anything that wiki has on it about insurance. In fact, if you are an actual insurance agent and have ever looked on wiki for insurance info, you will find many misstatements. A link to Jack's site would be much more helpful than wiki.
But again, none of that has anything to do with the reputation of LTCFP within this industry.
What sales managers say, and what sales managers do are two totally seperate things. Anyone who has worked under a captive setting as an agent knows that all too well.
The managers can say what they want. LTCFP sales practices in the field (that many agents have run into, including me) do not mirror what the sales managers have told you.
And not having GNW certainly did make them biased.... it was often the main reason they were biased and the main reason many of their agents would cross the line with their sales practices.
The comp plan has nothing to do with them being biased or unbiased. LTCI comp does not vary all that much like other lines of insurance can.
They just dont offer all of the carriers...
You have been given multiple first hand accounts already. You brushed them off as "one offs" and "rogue" agents. But the truth is that many other agents have the same stories. I have heard the same stories from agents.
I personally have some of the same stories... about 1.5 years ago a LTCFP agent actually mysteriously had given a prospect a GNW quote... but it was somehow higher than the Hancock quote... for a couple... which was not right.... turned out the correct GNW quote for the benefits he showed was of course lower than JH...
Now I could have easily chimed in to the whole LTCFP conversation months ago with this story, but decided that their reputation is well enough known already... but you asked. I have another LTCFP story if you would like to hear it.
If Jack is spamming then he shouldnt be imo. But that has nothing to do with LTCFP's sales practices.
You are deflecting. Jack & LTCFP have nothing to do with each other.
Why dont you remind us why LTCFP couldnt sell GNW anymore?....
I'd say it is hardly "alleged" spamming. Take a look at my earlier post.
I believe you are failing to see a bigger picture - that is, even people who take "moral high ground" aren't without faults.
Hmmm... from your post - which one is it - either you don't care... or he should not be? Or perhaps both, you don't care - and he shouldn't be. In which case it is not clear why he shouldn't... after all... you don't care?
Wikipedia is publicly sourced site. Which means people who care about content (and other people) actually write articles. If you care - why don't you correct the (alleged) misstatements?
Disagreed. Read on what wikipedia is about.
Agree with you for once.
I don't know what sort of people you have allegedly been running into. None of the people I know from LTCFP would ever stand for any shenanigans of the sort.
I have read about at most one or two. But no one cared to properly report the incident. How can you hold the whole org responsible then? Do you seriously think that they guide or pressure agents into unethical behavior patterns?
Why would I? If you want to do good - report it to someone who works for LTCFP. Send private message to Irena for goodness' sake. See how co responds, then make conclusions.
I have already explained the subj in earlier posts. Read up. Bottom line - bunch of well established gnw agents got tired of the bs and left to join LTCFP. GNW retaliated by taking away their renewals (quite illegally). Threats flew about and GNW had to relent. As a form of "collective punishment" they did not give LTCFP a contract. How'd you feel in LTCFP agent's shoes?
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Arthur Rudnick
Guru
- 1,652
LTC Global merges with LTC Financial Partners
BY ALLISON BELL
JULY 2, 2014 •
Two long-term care insurance (LTCI) distributors -- LTC Financial Partners and LTC Global Marketing -- have merged. LTC Financial was based in Kirkland, Wash., and LTC Global was based in Fort Myers, Fla. The combined company will keep offices in both communities.
Denise Gott, who was executive vice president of LTC Financial, will be the chief executive officer. The company has two marketing units: ACSIA Partners L.L.C. and United Insurance Group Agency Inc.
ACSIA sells LTCI products and related products and services. United Insurance sells Medicare supplement, Medicare Advantage and Medicare Part D prescription drug products.
The company has relationships with about 400 agents. The agents sell directly to consumers and also through worksite benefits programs.
Richard Pitbladdo, who has been chief executive officer of LTC Global, said in a statement that making the deal is a way to cope with "today's challenging LTC insurance environment" and to take advantage of sales opportunities in the Medicare plan market.
- 2,584
Were they captive ?
What was the bs ?
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I wouldn't want anything to do with United Insurance Group. Had some terrible experiences dealing with them in the past. I have also heard a lot of bad things.
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These were some of the top gnw agents at the time. I don't know the answer to your question, but i think they might have been "captive". Their respective contract obligations were not broken so in theory it should have been an amicable move. In practice however things went quite differently, with renewals being taken away, etc.
why don't you catch some of the old LTCFP agents say at the AALTCI conference and talk to them. I am sure they'll share.
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- 2,584
The problem is you are coming with very weak information. It is not specific enough. As brave as you are, you are scared to give us more than that.
Why don't you post helpful information on the forum.
I am sick and tired of you telling me to go read something, go do this and that, when you can't answer a more than fair question.
- 10,806
On paper no. But their business practices put the agents in a position that unethical behavior is more likely.
Because you asked....
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Thank you - but unfortunately i can't share more because other people's private circumstances are involved, which I am not at liberty to disclose on a public forum.
LTCi Consultants
Expert
Curious who did the acquiring or if it was really a merger of sorts. From what I've heard, there are more heads rolling on the ACSIA side than on the LTCFP side. That would lead me to guess that ACSIA was the one acquired. But that does not make sense to me in other respects, just have heard of more disgruntled or "laid off" on the ACSIA side...
Anybody got firm Intel on this?
Anybody got firm Intel on this?
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