With the announced exit of Allianz and Great American from the long-term care marketplace, which follows the exit of UNUM from the ILTC marketplace last year, consolidation in the long-term care insurance marketplace continues to occur. This consolidation, coupled with the economic downturn over the last year, creates an environment where advisors can (and should) re-evaluate their carrier/partner selection process.
See more: Allianz, David B. Hillelsohn, Genworth Financial, Great American, Haslett Management Group, John Hancock, LTC, LTC Partnership, Metropolitan Life, Unum
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.

