FORT MYERS, Fla.–(BUSINESS WIRE)–LTC Global, Inc. announced today that it has formed LTC Agency
Operations LLC (LTCAO), a new intermediate holding company, with Joseph
G. Pulitano. LTC Global and Pulitano have contributed their Long Term
Care insurance (LTCi) distribution businesses to LTCAO, including ACSIA
Partners, LTC Global Agency and Joseph G. Pulitano Insurance Agency,
Inc. d/b/a Advanced Resources Marketing (ARM). The combined businesses
make up the largest independent LTCi marketing operation in the industry
with over 500 career LTCi specialists. Mr. Pulitano will serve as
LTCAO’s Chief Executive Officer, and Henrik Larsen will serve as LTCAO’s
Chief Operating Officer.
ARM, founded by Mr. Pulitano in 1986, is an insurance agency
headquartered in Newton, Massachusetts and a national leader in worksite
LTCi cases and distribution through association affinity relationships.
“ARM is recognized across the industry for our efficient, educational
and turn-key worksite enrollment platform that can handle cases of all
sizes,” said Mr. Pulitano. “This transaction represents a great
opportunity for agents working with the combined business and for
employers who offer their employees LTCi programs through our group.”
“ARM’s LTCi worksite business directly complements ACSIA Partners
successful worksite business and will provide a steady flow of
additional distribution opportunities for all of our LTCi agents,” said
Daniel G. Schmedlen, Jr., Chief Executive Officer of LTC Global. “Joe
Pulitano and Henrik Larsen have the knowledge and experience to make the
most of the synergies among these three agencies.”
ACSIA Partners, which is the result of a 2014 consolidation of ACSIA
Long Term Care and LTC Financial Partners, operates the leading national
worksite LTCi distribution business with a focus on large employers as
well as lead-supported individual distribution. Denise Gott, Chief
Executive Officer of ACSIA Partners since its founding in 2014, said,
“Supporting our sales force is key to our long term success. Combining
the talent, resources and relationships of ARM and ACSIA Partners will
broaden our opportunities and generate more worksite and affinity leads
for our agents.”
LTC Global Agency, formed by LTC Global in 2015 to offer distribution
opportunities to LTCi agents leaving the former Genworth career
division, focuses on individual LTCi business. Deborah Skiff, General
Manager of LTC Global Agency since its founding, said, “We’re very
excited about the opportunity to leverage LTC Global Agency’s national
footprint of field agents to support the worksite opportunities of the
combined group.”
LTC Global will continue to support these distribution businesses with
leads from a diverse group of sources, including association channels
and internet marketing. ARM’s association relationships and worksite
business will diversify and increase overall lead generation capacity
significantly.
About LTC Global
LTC Global is the leading provider of capital to insurance agents and
agencies through commission heaping programs and renewal commission
purchases. Through its agency subsidiaries, LTC Global is a national
distributor of life and health insurance products and the largest
independent distributor of Long Term Care insurance. LTC Global is
headquartered in Fort Myers, Florida. For more information about LTC
Global, visit ltcglobal.com.
Contacts
Daniel G. Schmedlen, Jr.
Phone: 541.646.2323
