The American Benefits Exchange team is excited to join the AmeriLife family, said American Benefits Exchange President Brian Pearson. Acquisitions of Senior Family Services and Right Choice also part of the deal. wewill respond within 24 hours. 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. AmeriLife expands into the worksite and direct-to-consumer spaces. Throughout her career, she's led the creation and implementation of several key systems to automate operational processes and help improve client and agent experiences. In recent years, AmeriLife continued to push through growth barriers under the leadership of CEO Scott Perry, brought aboard in 2016. This copy is for your personal, non-commercial use only. 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.. The company employs more than 1,800 associates across the country, serving a growing population of more than 300,000 licensed agents and advisors in over 90 offices who, in turn, help enhance the health and financial wellbeing of more than 5 million pre-retirees and retirees. In 2021, nearly 5 million Americans were advised on and delivered the financial solutions they need through AmeriLifes vast, nationwide distribution. Medicare supplement products followed. An affiliate of TruChoice, Inforce is a national brokerage general agency focused in the life insurance market. Pearson will continue to lead American Benefits Exchange as President, while also serving as a principal and member of the AmeriLife Life & Health Brokerage Distribution division. When typing in this field, a list of search results will appear and be automatically updated as you type. The key is omni-solutions, where the customer has the flexibility to move seamlessly from a digital environment to a human interaction if required. Thomas H. Lee Partners is leading an investor group to acquire AmeriLife through a recapitalization, according to a statement. Private investors buy majority stake in AmeriLife. AmeriLifes strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. 15% of AmeriLife employees are Hispanic or Latino. American Benefits Exchange specializes in providing insurance solutions to federal, postal . Today, carriers need more than just a good distributor. AmeriLife made a giant leap forward when it began acquiring life, health and annuity brokerages. Operating Status Active. The company began offering fixed and indexed annuities at a time when the product was expanding greatly beyond simple offerings. With this acquisition, AmeriLife plans to leverage existing operations to maximize scale, expanding on the strengths of the separate organizations. The team at Senior Resource Group provides the tools, support and training necessary for success in the insurance industry. "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.". Im an insurance company and want to engage AmeriLife. Interested in a career with AmeriLife? 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. "Genstar's investmentwillaccelerate our growthandhelpus continue tobuild out our platform toprovide superiorsupport toour carrier partners,our affiliates and our agents. AmeriLife establishes AmeriLife Marketing Group (AMG). The merging of these entities will leverage operational collaboration across these groups. Additional terms of the transaction, which is subject to customary closing conditions, were not disclosed. The merger of SRG, SFS and RC represents more than 50 years of combined insurance industry experience. Im a business owner and ready to partner with AmeriLife. There are a number of paths that we could go. AmeriLife is ranked #24 on the Best Insurance Companies to Work For in Florida list. From industry-best solutions from over 100 carriers, to our vast national distribution network, AmeriLife was built to grow and accelerate your business. AmeriLife, 2023 Using a database of 30 million profiles, Zippia estimates demographics and statistics for AmeriLife. We think about running the business and building a great company, he said. AmeriLife's third-party administrative capabilities include everything from agent contracting, policyholder support and billing / collections to new business processing, underwriting, claims processing, commission payments and call center support. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. "AmeriLife is known for its strategic partnershipsthat benefit all parties involved by expanding distribution capabilities and growing the marketplace," said Joshua Rhodes, Senior Resource Group co-founder. Not only is AmeriLifes target group rapidly expanding in size, but this segment is less likely to be impacted by economic ups and downs and is very focused on ensuring their future physical and financial well-being.. A third PE firm, Thomas H. Lee Partners, acquired AmeriLife in 2020 in a reported deal that exceeded $1 billion. 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. To learn more, visit our Wholesale Brokerage and Institutional Wealth Management, Broker-Dealer & RIA pages. 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. Competition favors scale and the voracious growth of these IMOs is changing the industry, said Sheryl Moore, president and CEO of Moore Market Intelligence and Wink Inc. Small- to mid-sized IMOs and FMOs are being gobbled up so quickly, it is forcing many to reconsider their plan, she said. 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). wewill respond within 24 hours. AmeriLife is a national leader in developing, marketing, and distributing . 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. and certain THL limited partners. theyre actions, demonstrated and delivered every day Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. In 1987, AmeriLife moved beyond its Florida borders by opening an office in North Carolina. "The synergies among these three groups will expand our multi-cultural distribution, as well as our reach into the northeast, particularly with regional insurance carriers. Watched a 15-minute video about what Amerilife offers and then talked with the general manager. 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. Today, Senior Resource Group is a premier field marketing organization for an array of national insurance carriers providing Medicare Supplement policies, Medicare Advantage plans, life insurance, final expanse plans and financial products in 25 states. AmeriLife is a national leader in developing, marketing, and distributing annuity, life, and health insurance solutions to protect the health and retirement needs of consumers. 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. 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. Quality and insightful product development turns insurer relationships into long-lasting partnerships and maximizes the value delivered up and down the vertical.. AmeriLifes 50-year legacy is rivaled only by the promise and excitement of its continued Our partnership with AmeriLife brings us access to market-leading life, health and annuity products and best-in-class training and technology tools that will position American Benefits Exchange to grow exponentially while continuing to faithfully serve our clients.. What solutions does AmeriLife offer independent agents and advisors? AmeriLife relocates headquarters to Clearwater, Florida. The Manager of Children's Services will ensure the quality of services to clients, oversee daily operations of the children's department, recommend/implement changes that would improve or expand the delivery of services. Matthew brings in-depth actuarial experience, which will help accelerate this process and help us stay in front of evolving trends in the annuity market.. At AmeriLife, our values are more than just words Matthew Coleman brings nearly 30 years of industry experience to AmeriLife, where he is the companys first vice president of annuity and life product innovation. Not affiliated with the U. S. government or federal Medicare program. When typing in this field, a list of search results will appear and be automatically updated as you type. InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. As Director of Commercial Underwriting Strategy for Mobilitas, a CSAA company, this role is accountable for designing and deploying the underwriting philosophy, approach, tools, and processes to address the needs of the mobility and shared economy while ensuring consistent target profitability. I know what we can do really well, which is distribute products and drive efficiency across that value chain. Heretofore, AmeriLife primarily concentrated on expansion through acquisitions of existing producers. The company's remarkable growth is the result of vision and innovation, resulting in record expansion, production, sales, and profits in recent years. AmeriLife, 2023 For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. "We have followed the tremendous progress of Scott and his team since we first met in 2016. The AmeriLife network includes more than 300,000 independent agents and advisors, and more than 200 carrier partners. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. View contacts for AmeriLife to access new leads and connect with decision-makers. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Will provide clinical supervision according to qualifications. Have you worked at AmeriLife? Scott R. Perry joins AmeriLife as chief executive officer. Private equity firm Genstar Capital makes a strategic investment in AmeriLife, joining Thomas H. Lee Partners as an equal investor. That kind of return on investment is necessary for AmeriLife now that it is in the hands of private equity firms. AmeriLife sounds like the place for me! 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