Log in

Fort Myers-based LTC Global acquires West Coast life insurance brokerage

Fort Myers-based LTC Global Inc., a provider of capital to insurance agencies, acquired independent insurance agency Westland Financial Services Inc. Westland Founder and President Gene Pastula, CEO Tim Morton and Vice President and General Manager Mark Mits will continue to manage the business headquartered in San Diego, LTC Global CEO Daniel G. Schmedlen Jr. announced.

Westland operates a life insurance brokerage and consulting business. Westland identifies, designs and implements products and strategies to assist independent financial advisors, banks and credit unions to enable them to better serve their clients.

“(Pastula) has built a very successful agency, and we feel fortunate to welcome Gene, Tim, Mark and their team as colleagues,” Schmedlen said. “Westland’s business model complements our existing life, long term care and annuity businesses, particularly Pacific Southwest Financial, which has two offices in Southern California.”

The financial terms of the deal were not disclosed. LTC Global provides capital to insurance agents and agencies through lead and marketing finance programs, commission advance programs and renewal commission purchases. Through its agency subsidiaries, it is a national distributor of life and health insurance products and among the largest independent distributors of long-term care insurance.

Copyright 2022 Gulfshore Life Media, LLC All rights reserved. This material may not be published, broadcast, rewritten or redistributed without prior written consent.

GET SOUTHWEST FLORIDA'S BEST VIEW OF BUSINESS STRAIGHT TO YOUR INBOX.

Don't Miss