Special Offer

This page explains how insurance agents and brokers can sell their long-term care insurance book of business.
If you would like a no-obligation calculation of what your long-term care insurance renewals are worth,
CLICK THIS NOW TO REQUEST.

YOUR LONG-TERM CARE INSURANCE RENEWALS CAN BE SOLD FOR A LUMP-SUM PAYMENT.
HERE ARE ANSWERS TO FREQUENTLY ASKED QUESTIONS

Why do producers sell their renewals?

There are many reasons, but the most common are:
To receive a lump-sum payment (cash) for personal or business needs.
To invest in the growth of their business (purchase leads, develop new marketing programs).
Simply to assure a significant financial asset is now liquid (estate planning)

What role does AALTCI play?

Over the years, we have come to know various companies that purchase blocks of long-term care insurance policies. As our members age and look to exit the business, many sought advice on their options.

When you send us an email, we will forward this on to one or more companies who purchase blocks. These are independent companies. We do not get paid for referrals unless a purchase results and (only) then will AALTCI receive a nominal referral fee (factored into the purchase price). The funds help support AALTCI's awareness efforts.

Want a No-Obligation Price Evaluation? Click the "Request" box below.
We will only forward requests that include your name and a phone number.
Thank you.
Jesse Slome, Director, American Association for Long-Term Care Insurance


Is there a minimum "size" in terms of number of LTC insurance clients?

Not really but we would say you should have been selling long term care insurance for at least three years. You probably should have at least 50 policies on the books. Anything less will likely NOT be of interest to a potential buyer.

Is there any charge to request and receive an appraisal?

NO. The process starts with an appraisal of what your renewal commission stream is worth. This will be provided to you at no charge. And, of course, you are under no obligation to proceed.

To start the process, you will need to provide 12 months of commission statements.

Prior to closing, the buyer will also review your agent agreement(s) and any applicable commission schedules for vesting and future commission rates.

What is the purchase price based on?

What you'll be paid will be based on several factors, including issue age, gender, marital status, duration and plan benefits.

Can I sell some of my renewals, or does it have to be my whole book?

Yes, you may sell some of your renewals. Some carriers do have restrictions in place that only allow agents to assign commissions by writing agents number and not by individual policies.

How long does it take to get a firm offer on my renewals

Typically, from the time you authorize an insurance company to share the numbers that are needed, it takes 7-10 days to receive a firm offer. Upon acceptance, a check is typically issued within a few (2 or 3) days.

Are there other lines of insurance – besides LTC insurance – that can be sold?

Yes. Medicare Supplement and various life insurance products. Just ask us.

Will selling my commissions have any impact on my clients?

No, this is simply an assignment of future renewal commissions. Any statements the clients sees still shows you as their agent.

Want To Receive A No Obligation Price Evaluation from An Association-Endorsed Third Party?

CLICK THIS LINK NOW TO START THE PROCESS.