AmeriLife expands outside of Florida, opening an office in North Carolina. AmeriLife contact info: Phone number: (800) 458-7112 Website: www.amerilife.com What does AmeriLife do? When typing in this field, a list of search results will appear and be automatically updated as you type. AmeriLife Group, an insurance distributor, will find itself owned by a private-equity firm for a third time. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The acquisitions helped us accelerate some of our processes [and] it's helped us add talent, helped us add capabilities faster than if we would have built it organically. Genstar will join AmeriLife's current private equity investor, Thomas H. Lee Partners, L.P.("THL"), as an equal investor. To learn more about the products and solutions we distribute, and to connect. Financial terms werent announced. With this acquisition, AmeriLife plans to leverage existing operations to maximize scale, expanding on the strengths of the separate organizations. 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 2021, the company struck a deal for Saybrus Partners, a life insurance and annuity distribution company. values in each and every interaction we have. Acquisitions of Senior Family Services and Right Choice also part of the deal. Contact Email socialmedia@amerilife.com. Not affiliated with the U. S. government or federal Medicare program. Im a business owner and ready to partner with AmeriLife. AmeriLife celebrates its 50th anniversary. wewill respond within 24 hours. Approaching its 50th anniversary in 2021, AmeriLife has a history of excellence in partnering with insurance carriers to develop and bring proprietary products to the marketplace through its expanding distribution operations. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Evercore served as financial advisor to AmeriLife on the transaction. Watched a 15-minute video about what Amerilife offers and then talked with the general manager. Is your client emotionally ready for retirement? The AmeriLife network includes more than 300,000 independent agents and advisors, and more than 200 carrier partners. We cant wait to speak with you! The company's remarkable growth is the result of vision and innovation, resulting in record expansion, production, sales, and profits in recent years. At AmeriLife, we strive to exemplify our core. AmeriLife has 7,500 employees. https://www.barrons.com/articles/j-c-flowers-sells-insurer-amerilife-to-private-equity-group-for-more-than-1-billion-51578436367. That accelerated growth is being fueled by supersized acquisitions. Please email Patrick Nichols, AmeriLifes senior vice president of corporate development, at. 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. Founded Date 1971. He previously co-founded the Ideal Producers Group, where he spearheaded the actuarial department and led product innovation, design and marketing. On average, employees at AmeriLife stay with the company for 3.2 years. AmeriLife has proven that its model is the future of insurance marketing and distribution. The most common ethnicity at AmeriLife is White (60%). Interested in a career with AmeriLife? Have you worked at AmeriLife? Since 2018, AmeriLife's 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. 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. 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. Private equity firm Genstar Capital makes a strategic investment in AmeriLife, joining Thomas H. Lee Partners as an equal investor. This copy is for your personal, non-commercial use only. With a key December hire in a newly created position, AmeriLife took the next step in its plan to grow annuity sales organically. Combined with Genstar's deep expertise in financial services, software and healthcare, and our collective commitment to delivering the data, tools and technology necessary to compete and win in today's marketplace, we see huge opportunity for AmeriLife and its partners. 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. 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. Institutional Wealth Management, Broker-Dealer & RIA. She also brings experience in supporting the development and successful launch of new annuity products. I applied online. The transaction is valued at over $1 billion, two people familiar with the deal said. Research Summary. It continues to thrive with these efforts as well. 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. Industry-leading, cost effective and high ROI distribution network designed to connect and engage with consumers and stakeholders across the country. And our network continues to grow at a rapid pace, with. Already a member? AIA and SAS will maintain their individual branding, but merge under the leadership of SAS president, Janelle Boudrero. AmeriLifes management also is investing. AmeriLife enters the annuity brokerage space, establishes National Brokerage Division. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. Flowers sells a majority stake in AmeriLife to an investor group led by private equity firm Thomas H. Lee Partners. AmeriLife establishes AmeriLife Marketing Group (AMG). Please use the form below to get in touch with us and AmeriLife provide insurance and retirement solutions to enhance the lives of pre-retirees and retirees. 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. Entire contents copyright 2023 by InsuranceNewsNet.com Inc. All rights reserved. The employee data is based on information from people who have self-reported their past or current employments at AmeriLife. AmeriLife is a national leader in developing, marketing, and distributing . ", "Over the past two years, AmeriLife has emerged as one of the premier distributors of health and financial solutionsin the United States," added Ganesh Rao, managing director and head of the Financial Technology and Services Group at THL. 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. wewill respond within 24 hours. At a time of increased distribution aggregation in the life and annuity markets, the integration of product development and distribution is a key business accelerator, Coleman said in a news release. 15% of AmeriLife employees are Black or African American. AmeriLife, 2023 In doing so, it has strengthened its offerings, expanded its geographical footprint, Click here to start your journey toward becoming an AmeriLife-affiliated agent. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. AmeriLife was founded in 1971 in Holiday, Fla., a small community just north of Clearwater, and sold life and health policies to people nearing retirement age. 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. AmeriLife entered 2023 claiming to be the largest Insurance Marketing Organization (IMO) in the US dedicated to offering insurance and retirement solutions.. These collaborations result in an integrated organizational model, benefiting both parties with shared access to the necessary resources to sustain growth, as well as the expansion of distribution capabilities, reaching a larger audience and marketplace. Independent marketing and distribution is big business in a country where 10,000 Americans retire each day. An error has occurred, please try again later. From smart lead scoring and real-time sales analytics to leveraging the full potential of powerful CRM technology, AmeriLife offers an extensive suite of technology, tools and insights thats re-defining the industry and helping marketers, agents and advisors do what they do best serve their clients better than anyone else. I know what we can do really well, which is distribute products and drive efficiency across that value chain. AmeriLife made a giant leap forward when it began acquiring life, health and annuity brokerages. A third PE firm, Thomas H. Lee Partners, acquired AmeriLife in 2020 in a reported deal that exceeded $1 billion. Voracious IMOs are disrupting traditional delivery of life insurance and . across the life and health insurance, and annuities and retirement planning space. 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. Seasoned insurance industry leader focused on serving Life & Annuity and Group insurance segments. As part of our organic growth efforts, AmeriLife is continuing to develop and work through proprietary product opportunities within those aforementioned product lines. For 2022, we're proud to recognize the below carriers for their commitment to our shared values and the customers we serve. Using a database of 30 million profiles, Zippia estimates demographics and statistics for AmeriLife. One of the things that we first and foremost look for his talent. 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. "AmeriLife's holistic approach to product delivery meshes seamlessly with our business model," said Shane Souders, Senior Resource Group co-founder. From industry-best solutions from over 100 carriers, to our vast national distribution network, AmeriLife was built to grow and accelerate your business. By putting its mission into practice, AmeriLife has become recognized as 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. Welcome to AmeriLife! AmeriLife's mission statement is "To provide insurance and retirement solutions to help people live longer, healthier lives.". 15% of AmeriLife employees are Hispanic or Latino. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com. In June, AmeriLife announced an investment from Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials and software industries. We do not offer every plan available in your area. The most common ethnicity at AmeriLife is White (60%). The THL-led consortium includes The American Benefits Exchange team is excited to join the AmeriLife family, said American Benefits Exchange President Brian Pearson. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. But Perry sees AmeriLifes venerable carrier partners, such as Transamerica and Nationwide, as crucial to their business model. Yes, we offer a range of fee-based asset management services and solutions. Cision Distribution 888-776-0942 and fortified its vast and powerful distribution network for years to come. After extensive research and analysis, Zippia's data science team found that: 51% of AmeriLife employees are women, while 49% are men. Today, AmeriLife operates nationwide, employs more than 2,000 full-time employees, oversees $9 billion in annual premiums, has $8 billion in assets under management and generates $500 million in annual revenues. AmeriLifes strategy of serving (pre)retirees was truly an inspired one, its company history states. 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