LTC Global Expands Its Portfolio with LTCR Acquisition
LTC Global Welcomes LTCR to Its Family
LTC Global, Inc. has made an exciting announcement that marks a significant shift in the landscape of Long-Term Care insurance distribution. The acquisition of LTC Affinity Direct, known as Long-Term Care Resources (LTCR), showcases LTC Global’s commitment to expanding its reach and enhancing its services in the ever-evolving insurance market.
What This Acquisition Means for LTC Global
This strategic move brings LTCR under the LTC Global umbrella, fostering collaboration and innovation. Rick Leonard, the founder of LTCR, will continue to lead the company, ensuring a seamless transition and maintaining its strong presence in the industry.
LTCR’s Reputation in Long-Term Care Insurance
Founded in 1997 by Rick Leonard and Joe Lautiero, LTCR has earned its place as a leader in the association distribution channel for Long-Term Care insurance (LTCi). The company has built exclusive partnerships with more than 650 professional and alumni associations, providing much-needed care planning services to their members. Over the years, LTCR’s licensed specialists have successfully assisted over 700,000 individuals in planning their long-term care needs, positioning LTCR as a trusted resource in the industry.
Leadership Insights
Daniel G. Schmedlen, Jr., CEO of LTC Global, expressed enthusiasm about the merger, stating, “We have been friendly competitors with Rick and his team for years and have always admired the way LTCR does business. We are thrilled to have them as partners and colleagues.” This sentiment reflects the mutual respect and shared vision that LTCR and LTC Global have regarding the Long-Term Care market.
Growth Potential in the Long-Term Care Market
Rick Leonard emphasized the growth potential the Long-Term Care market offers, especially as new innovative products emerge to cater to diverse demographics. He stated, “Joining a larger organization we trust, with a proven track record, will enable us to fully leverage these growth opportunities.” This partnership is anticipated to enhance the range of services offered to clients and agents, thereby strengthening their market position.
What Lies Ahead for LTCR and LTC Global
LTCR’s integration into LTC Global's existing distribution businesses signifies a commitment to delivering high-quality Long-Term Care insurance solutions. LTC Global already operates ACSIA Partners, the leading national distributor for worksite LTCi, and aims to build on this success through the inclusion of LTCR.
A Bright Future for LTCR
This merger presents an exciting opportunity for LTCR to not only expand its operational capabilities but also to elevate the level of service offered to association members. The combination of LTCR's expert knowledge and LTC Global's extensive resources is expected to drive innovation and growth in the Long-Term Care insurance sector.
About LTCR
LTCR stands as a leading force in Long-Term Care insurance distribution, particularly among association members. Renowned for its dedication and service excellence, LTCR continues to meet the unique needs of its clients. The command of the market and the deep-rooted partnerships that LTCR has established are testaments to its influential role in the insurance landscape.
About LTC Global
LTC Global is dedicated to empowering insurance agents and agencies by providing capital through various financial programs and services. With its expansive portfolio and commitment to long-term insurance products, LTC Global has positioned itself as a dominant force in the industry. By supporting agents with marketing finance programs and commission advancements, LTC Global upholds a reputation for reliability and innovation.
Frequently Asked Questions
What is the significance of LTC Global acquiring LTCR?
The acquisition enhances LTC Global's reach in the Long-Term Care insurance market, fostering innovation and collaboration.
Who will lead LTCR after the acquisition?
Rick Leonard will continue to manage LTCR, ensuring a seamless transition and maintaining its strong presence.
What is LTCR known for in the insurance sector?
LTCR is recognized as a leader in the association distribution channel for Long-Term Care insurance.
How many associations does LTCR partner with?
LTCR maintains exclusive relationships with over 650 professional and alumni associations.
What role does LTC Global play in the insurance industry?
LTC Global is a leading provider of capital to insurance agents and agencies, focusing on innovative insurance solutions.
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