AP NEWS

LTC Global Acquires Financial Advisory Associates

November 13, 2018

FORT MYERS, Fla.--(BUSINESS WIRE)--Nov 13, 2018--LTC Global, Inc. today announced that it has completed the acquisition of A. M. Levin Insurance Associates, Inc, which does business as Financial Advisory Associates, Inc. (FAA). FAA, based in Southfield, Michigan, is a member of Capitas Financial, Inc. and focuses on the distribution of life insurance products.

LTC Global previously acquired two other Capitas members, Pacific Southwest Financial & Insurance Services, Inc., in July 2017, and the Smith Companies in April 2018. FAA will continue to operate as a Capitas member.

“We are fortunate to have the opportunity to work with FAA’s great team in Michigan and Virginia,” said Daniel G. Schmedlen, Jr., Chief Executive Officer of LTC Global. “Today’s transaction positions us to more closely integrate our Capitas member agencies and further diversifies LTC Global’s distribution business,” said Schmedlen.

LTC Global operates a Medicare insurance product distribution business through its agency subsidiary United Insurance Group Agency, Inc., which is also headquartered in Oakland County, Michigan.

About the FAA

FAA operates an independent brokerage consulting business in Michigan and Virginia. As a Capitas member, FAA specializes in all aspects of the insurance planning process and provides strategic support to independent financial advisors, national financial institutions, securities brokerage firms and banks to better serve their clients.

About Capitas

Capitas is a member-owned independent brokerage organization that supports firms and financial advisor relationships across the United States to provide sophisticated and unbiased insurance and wealth management planning solutions. For more information about Capitas, visit capitasfinancial.com.

About LTC Global

LTC Global is the leading provider of capital to life and health insurers, insurance agents and agencies. 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 is headquartered in Fort Myers, Florida. For more information about LTC Global, visit ltcglobal.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005858/en/

CONTACT: LTC Global, Inc.

Daniel G. Schmedlen, Jr. , 541-646-2323

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA

INDUSTRY KEYWORD: HEALTH PROFESSIONAL SERVICES FINANCE INSURANCE GENERAL HEALTH

SOURCE: LTC Global, Inc.

Copyright Business Wire 2018.

PUB: 11/13/2018 10:34 AM/DISC: 11/13/2018 10:34 AM

http://www.businesswire.com/news/home/20181113005858/en

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