We do not offer every plan available in your area. Conjecture remains afloat that one or more of the aggressive IMOs will go public at some point. While it appears from the outside to be an arms race, with Integrity, AmeriLife and others completing competing acquisitions, Perry said it isnt that way at all. One of the things that we first and foremost look for his talent. How can I join the team? Technology capabilities across the platform include e-app, e-contracting, point-of-sale underwriting, and voice signature capabilities, as well as robust work-management systems, and agent, policyholder and provider portals. In 2021, nearly 5 million Americans were advised on and delivered the financial solutions they need through AmeriLifes vast, nationwide distribution. This position can be based out of our Tempe or Glendale office. For more information, visitAmeriLife.com, and follow AmeriLife onFacebookandLinkedIn. organizations joining AmeriLife in the past year alone. SRG represents the next generation of insurance agencies with a focus on technology, cultural diversity, and best-in-class sales training and virtual tools. AmeriLife Acquires SAS from A-CAP, While Growing Strategic Partnership. Click here to start your journey toward becoming an AmeriLife-affiliated agent. Headquartered in Clearwater, Fla., but doing business nationally, AmeriLife sees opportunity in the annuity space, said Patrick Fleming, executive vice president of product innovation and corporate actuary for the company. Absolutely.. Voracious IMOs are disrupting traditional delivery of life insurance and annuities. Life insurance still needs an agent to sell the benefits, however once the customer has decided to purchase coverage, the Fintechs look to make things quick and seamless in a digital world, where possible, so the customer is empowered to complete the application process. This strategic acquisition further expands AmeriLife's ability to offer turnkey solutions across all product lines, to carriers of all sizes, and with world-class technology solutions. With broad knowledge across the insurance and investment sectors, A-CAP's management team has diverse experience and provides comprehensive services to policyholders, insurance company clients and capital partners. help people live longer, healthier and more secure lives. by our talented team of associates and affiliates across the country. Already a member? Were biased, but we think its a pretty great place, too. AmeriLife unites insurance agents, financial advisors, and industry experts who alongside our leaders and corporate support staff are passionate about cultivating meaningful relations with clients. How does someone become an AmeriLife career agent? It just seems like for those who had planned to retire in five-to-seven years, I am seeing more of them entertain discussions with these three firms than I would have anticipated.. Quality and insightful product development turns insurer relationships into long-lasting partnerships and maximizes the value delivered up and down the vertical.. Were excited for the possibility to serve you. AmeriLifes strategy of serving (pre)retirees was truly an inspired one, its company history states. Learn more about our promise to our partners and stakeholders. Cannae Holdings A lioness in the industry With Angie Ribuffo, Find out how you can submit Not affiliated with the U. S. government or federal Medicare program. A little over a year later, AmeriLife then added TruChoice in a huge deal. theyre actions, demonstrated and delivered every day In doing so, it has strengthened its offerings, expanded its geographical footprint, Private investors buy majority stake in AmeriLife. The THL-led consortium includes Independent marketing and distribution is big business in a country where 10,000 Americans retire each day. In todays market, a strong, collaborative relationship between carrier and distributor is essential to delivering innovative, high-quality insurance products that can meet the growing needs of marketers, agents and their clients. Get breaking news, exclusive stories, and money- making insights straight into your inbox. AmeriLife acquired by Thomas H. Lee Partners, Name of the organization that made the acquisition, Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Evercore served as financial advisor to AmeriLife on the transaction. With 16 years of leadership in the insurance and business operations fields, Boudrero has successfully overseen operations for health, life, and annuity lines of business. The transaction is expected to be completed in the third quarter. This acquisition furthers AmeriLifes strategic focus in partnering with independent insurance professionals, financial advisors and marketing organizations with solid foundations for growth. The deal included Inforce Solutions. Since 2018, AmeriLifes Premier Carrier Partnership Program has celebrated some of its most long-standing and innovative carrier relationships, and served as a platform to deepen those partnerships. Feature papers represent the most advanced research with significant potential for high impact in the field. Im a business owner and ready to partner with AmeriLife. Our partnership will support American Benefits Exchanges mission by leveraging a holistic approach to product delivery and expanding the companys distribution footprint.. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. The merging of these entities will leverage operational collaboration across these groups. AmeriLife was founded in Holiday, Florida. About AmeriLifeAmeriLife is a national leader in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. However, if required, an agent is always there to assist , from our interview with Legal & General Americas president and CEO Mark Holweger, on the emergence of Fintech and the digital sale of life insurance, Advertise with Us | 508-641-2418 | info@lifehealth.com | Privacy | 2023 JonHope Publishing Company, Inc. | Find us on Facebook Twitter LinkedIn, Boston-Area Website Design by BKJ Productions, New Products From Lincoln Financial Provide Greater Protection For Loved Ones And Retirement, Pandemic Changes Employees Attitudes & Behaviors Toward Insurance, Luminar Partners With Swiss Re; Launches Insurance Program, The Standard Partners With Black Insurance Industry Collective, Orion Launches Advisor Academy, A Free On-Demand Learning Platform For Fiduciary Advisors, New Online Tool Helps Older Adults Manage Their Finances, Griffin Distribution Partners Joins LIBRA Insurance Partners, MetLife Investment Management To Acquire Alternative Investment Firm Raven Capital Management, NewEdge Advisors Launches W2 Model That Prioritizes The Advisor-Client Relationship, WeBuy75.com Launches Advanced Life Expectancy Calculator For Life Insurance Industry, AllianzIMs Suite Of ETFs Exceeds $1 Billion In Assets, New Enhancements To Leading Instant Decision Term Product. Entire contents copyright 2023 by InsuranceNewsNet.com Inc. All rights reserved. Launched in 2013, A-CAP is a privately held company with offices located in New York, Charleston, Chicago, Salt Lake City and Omaha. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. Company Type For Profit. Second is strategic capabilities, Perry said during a recent industry conference. Any information we provide is limited to those plans we do offer in your area. It is hard to compete against an Integrity, Simplicity, or AmeriLife in terms of sales, and therefore annuity commission payouts, she said. Senior Family Services is dedicated to ensuring its clients obtain the coverage and benefits they need to live a happy and healthy retirement. network, AmeriLife was built to grow and accelerate your business. 51% of AmeriLife employees are women, while 49% are men. AmeriLife has. A third PE firm, Thomas H. Lee Partners, acquired AmeriLife in 2020 in a reported deal that exceeded $1 billion. In 2021, nearly 5 million Americans were advised on and delivered the financial solutions they need through AmeriLifes vast, nationwide distribution. What solutions does AmeriLife offer independent agents and advisors? AmeriLife Group, an insurance distributor, will find itself owned by a private-equity firm for a third time. As part of our organic growth efforts, AmeriLife is continuing to develop and work through proprietary product opportunities within those aforementioned product lines. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. Youve got to have people and youve got to have a capability that meets what we're trying to deliver and that's to be a platform that serves the life and retirement needs, and those nearing retirement, really address those things that people are worried about.. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. To learn more about the products and solutions we distribute, and to connect with an agent in your area, visit our Consumers page. Development, implementation and delivery capabilities, giving our distribution partners a competitive edge and expanding their consumer reach. Over the years, AmeriLife has built strong relationships with many of the nations top-rated insurance companies, and insurers continue to count on AmeriLife to represent their brands, effectively position their products in the marketplace and leverage its powerful distribution network to deliver on the promise of their shared goals. Flowers for less than $500 million, Barrons reported. AmeriLife competitors include Pacific Benefit Consultants, Arrow Insurance Management, Independent Insurance Agents & Brokers of America, United Insurance Agencies, Freeway Insurance, United Insurance Company of America, Pyramid Life Insurance Company, Combined Insurance, Liberty Insurance Agency, Lighthouse Insurance Group, Strong Family Financial, Monumental Life Insurance, Answer Financial, American Senior Benefits, Senior Life Insurance, Ideal Concepts, Altig - American Income Life Insurance Company, delta insurance, Asurea, PMA USA. For nearly 50 years, AmeriLife has partnered with the nation's leading insurance carriers to provide value and quality to customers served through a national distribution network of over 150,000 insurance agents and advisors, 35 marketing organizations, and nearly 60 insurance agency locations. American Benefits Exchange specializes in providing insurance solutions to federal, postal . Edit Lists Featuring This Company Section, AmeriLife acquires Minnesota insurance products distributor, AmeriLife opens first Rhode Island office, Companies With More Than 100 Employees (Top 10K). Perry doesnt rule it out but said that isnt the plan right now. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. As one of the leading independent marketing organizations and registered investment advisors in the United States, AmeriLife is proud to be called a trusted partner by the industrys leading carriers, FMOs, and insurance and financial experts. Financial terms werent announced. A Feature Paper should be a substantial original Article that involves several techniques or approaches, provides an outlook for future research directions and describes possible research applications. wewill respond within 24 hours. The Firm's domain expertise and resources help to build great companies with an aim to accelerate growth, improve operations and drive long-term sustainable value. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Visit www.AmeriLife.comand follow AmeriLife on Facebookand LinkedInfor more information. Private equity firm Genstar Capital makes a strategic investment in AmeriLife, joining Thomas H. Lee Partners as an equal investor. A big part of AmeriLifes growth strategy is expanding its presence in the annuities and fully underwritten life space, Fleming explained. The company's remarkable growth is the result of vision and innovation, resulting in record expansion, production, sales, and profits in recent years. Our estimates are verified against BLS, Census, and current job openings data for accuracy. At AmeriLife, we believe that the journey to accelerated, sustainable business growth is rooted in an active partnership and a commitment to collaboration, innovation, and personal and professional development. Cision Distribution 888-776-0942 American Benefits Exchange is a well-rounded marketing company that has made its mark in life, health and annuity distribution, supplementing existing government benefit plans, said AmeriLife Chairman and CEO Scott R. Perry. About Senior Resource Group Senior Resource Group was founded in 2008 by insurance brokers who understand the needs of agents in the field. About Senior Family ServicesSenior Family Services is a Philadelphia-based independent insurance agency that has become a regional leader in providing the best possible insurance solutions for older Americans and Medicare recipients. In 1987, AmeriLife moved beyond its Florida borders by opening an office in North Carolina. Since 1974, THL has raised more than$34 billionof equity capital, invested in over 160 companies and completed more than 500 add-on acquisitions representing an aggregate enterprise value at acquisition of over$210 billion. In the last several years alone, AmeriLife has acquired more than 30 affiliates partnered with the nations leading insurance carriers to provide value and quality to customers. An error has occurred, please try again later. growth as the nations most dominant marketing and distribution company for financial solutions. In doing so, AmeriLife has become recognized as the leader in developing, marketing, and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. In doing so, AmeriLife has become recognized as the leader in . SAS is a multi-product, third-party administrator, and this acquisition plays a key role in AmeriLife's strategic initiative to expand its third-party administrator capabilities. At AmeriLife, our values are more than just words Im a prospective customer. Along the way, it became clear that there was a significant unmet need among this target [demographic], and the decision was made to expand the business nationally by building a network of independent insurance agents, AmeriLife says in its official history. When typing in this field, a list of search results will appear and be automatically updated as you type. Does AmeriLife offer retirement services beyond conventional planning? "We look forward to our continued partnership, and we welcome our partners at Genstar, whose investment will help accelerate AmeriLife's next stage of growth and development.". Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Zippia gives an in-depth look into the details of AmeriLife, including salaries, political affiliations, employee data, and more, in order to inform job seekers about AmeriLife. There are a number of paths that we could go. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. AIA and SAS will maintain their individual branding, but merge under the leadership of SAS president, Janelle Boudrero. Not affiliated with the U. S. government or federal Medicare program. Best Insurance Companies to Work For in Florida, Best Companies to Work For in Clearwater, FL, Best Insurance Companies to Work For in Clearwater, FL, Working At Pyramid Life Insurance Company, Working At Insurance Administrative Solutions. This copy is for your personal, non-commercial use only. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Headquartered in Minneapolis, TruChoice is one of the largest field marketing organizations in the industry. Thomas H. Lee Partners is leading an investor group to acquire AmeriLife through a. from 8 AM - 9 PM ET. across the life and health insurance, and annuities and retirement planning space. Renowned private equity firm's joint partnership with Thomas H. Lee Partners will expand AmeriLife's suite of services and offerings, and further accelerate growth for the nation's leading distributor of health and financial solutions. Diverse experience leading delivery . These businesses include primary insurance carriers (Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company), an SEC registered investment adviser, reinsurance vehicles, and marketing organizations. "We are excited to welcome Senior Resource Group, as well as Senior Family Services and Right Choice, to the AmeriLife family," said Scott R. Perry, AmeriLife Chairman and CEO. Is your client emotionally ready for retirement? In early November, AmeriLife shocked the industry with a blockbuster deal for TruChoice Financial Group. Yes, we offer a range of fee-based asset management services and solutions. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Any information we provide is limited to those plans we do offer in your area. Any information we provide is limited to those plans we do offer in your area. 15% of AmeriLife employees are Black or African American. For 2022, we're proud to recognize the below carriers for their commitment to our shared values and the customers we serve. On average, employees at AmeriLife stay with the company for 3.2 years. For more than 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers served through a national distribution network of over 300,000 insurance. Thats where Coleman comes in. Flowers acquires a majority stake in AmeriLife, helping the company issue approximately $7.7 million in stock over three years. AmeriLife celebrates its 50th anniversary. Who do I contact? Jeff MaldonadoAmeriLife[emailprotected]+1-321-297-1112, Chris TofalliGenstar Capital[emailprotected]+1-914-834-4334, Tim QuinnThomas H. Lee Partners, L.P.[emailprotected]+1-646-258-2308, Cision Distribution 888-776-0942 Most recently a director at Willis Towers Watson, Coleman led business and product development, actuarial support and distribution strategy for the fixed, indexed and variable annuity markets. "We have followed the tremendous progress of Scott and his team since we first met in 2016. AmeriLife Group, an insurance distributor, will find itself owned by a private-equity firm for a third time. Institutional Wealth Management, Broker-Dealer & RIA, Product design and pricing (proprietary and non-proprietary), Marketing services and lead generation support, Centralized protocols for complaint resolution, Turnkey solutions across multiple product lines, Print, mail and other administrative services. Genstars investment will accelerate our growth and help us continue to build out our platform to provide superior support to our carrier partners, our affiliates and our agents, Perry said at the time. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Private equity firm J.C. content for publishing on our website. For nearly 50 years, AmeriLife has partnered with the nation's leading insurance carriers to provide value and quality to customers served through a national distribution network of over 150,000 insurance agents and advisors, 25 marketing organizations, and 50 insurance agency locations. The average employee at AmeriLife makes $54,512 per year. AmeriLife has partnered with the nations leading, insurance carriers to provide value and quality, Over 300,000 insurance agents and advisors. and fortified its vast and powerful distribution network for years to come. Will provide clinical supervision according to qualifications. An affiliate of TruChoice, Inforce is a national brokerage general agency focused in the life insurance market. Terms of the transactions were not disclosed. American Benefits Exchange specializes in providing insurance solutions to federal, postal and state employees, as well as members of the United States Armed Forces and small businesses. And our network continues to grow at a rapid pace, with 18 new organizations joining AmeriLife in the past year alone. Seasoned insurance industry leader focused on serving Life & Annuity and Group insurance segments. AmeriLifes strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. "AmeriLife's holistic approach to product delivery meshes seamlessly with our business model," said Shane Souders, Senior Resource Group co-founder. Were excited for the possibility to serve you. To learn more, Were biased, but we think its a pretty great place, too. CLEARWATER, Fla., June 13, 2022 /PRNewswire/ -- AmeriLifeGroup, LLC ("AmeriLife"), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, today announcedan investment from Genstar Capital("Genstar"), a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials and software industries. Genstar will join AmeriLife's current private equity investor, Thomas H. Lee Partners, L.P.("THL"), as an equal investor. Seed, Series A, Private Equity), Whether an Organization is for profit or non-profit, General contact email for the organization, Auto-generated name of transaction (e.g. Celebrating Our Stars. 15% of AmeriLife employees are Black or African American. The AmeriLife network includes more than 300,000 independent agents and advisors, and more than 200 carrier partners. Founded in 2014, Right Choice understands the needs of agents in the field and is committed to supporting them in growing their businesses by providing exceptional products and services. CLEARWATER, Fla., Dec. 11, 2020 /PRNewswire/ --AmeriLife Group, LLC ("AmeriLife"), the national leader in marketing and distributing life, health and retirement solutions, announced today it has purchased ownership and partnered with the rapidly growing Senior Resource Group (SRG), an independent field marketing organization based in Philadelphia. Have you worked at AmeriLife? Based inSan Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com. Research Summary. AmeriLifes 50-year legacy is rivaled only by the promise and excitement of its continued The most common ethnicity at AmeriLife is White (60%). The transaction is valued at over $1 billion, two people familiar with the deal said. With the addition of SAS, we're not only enhancing our capabilities, we're also elevating our ability to deliver world-class technology across our TPA platform and expanding our ability to provide turnkey solutions for carriers, agents and consumers alike.". Yes, we offer a range of fee-based asset management services and solutions. I know what we can do really well, which is distribute products and drive efficiency across that value chain. Visit www.AmeriLife.comand follow AmeriLife on Facebookand LinkedInfor more information. We cant wait to speak with you! The data presented on this page does not represent the view of AmeriLife and its employees or that of Zippia. Third-Party Administration (TPA) services built on industry-leading technology and delivered at scale to allow carriers to focus on building their businesses. Legal Name AmeriLife Group, LLC. Now is not the time, but we'll make the determination of what's the best way to maximize value for shareholders. wewill respond within 24 hours. At AmeriLife, we strive to exemplify our core. Sign In. Clearwater, Fla. November 18, 2020 AmeriLife Group, LLC (AmeriLife), the national leader in marketing and distributing life, health and retirement solutions, announced today it has acquired American Benefits Exchange, based in Austin, Texas.