In doing so, AmeriLife has become recognized as the leader in . Help us make this company more transparent. 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. He previously co-founded the Ideal Producers Group, where he spearheaded the actuarial department and led product innovation, design and marketing. We've detected you are on Internet Explorer. Private investors buy majority stake in AmeriLife. For this reason, Ive seen friends talking to these firms, when they previously wouldnt have considered selling so soon. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com. Legal Name AmeriLife Group, LLC. The company began offering fixed and indexed annuities at a time when the product was expanding greatly beyond simple offerings. 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. 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. AmeriLifes strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. wewill respond within 24 hours. This acquisition furthers AmeriLifes strategic focus in partnering with independent insurance professionals, financial advisors and marketing organizations with solid foundations for growth. AmeriLife expands into the worksite and direct-to-consumer spaces. partnered with the nations leading insurance carriers to provide value and quality to customers. Not affiliated with the U. S. government or federal Medicare program. 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. Were biased, but we think its a pretty great place, too. To learn more about partnering with AmeriLife, contact us here. Where do I start? Were a national leader in developing, marketing, distributing and administering life and health insurance, annuities, and retirement planning solutions to enhance the lives of pre-retirees and retirees. Please email Patrick Nichols, AmeriLifes senior vice president of corporate development, at pnichols@amerilife.com to get started. The most common ethnicity at AmeriLife is White (60%). AIA and SAS will maintain their individual branding, but merge under the leadership of SAS president, Janelle Boudrero. They price risk and they manage assets. AmeriLife sounds like the place for me! Get breaking news, exclusive stories, and money- making insights straight into your inbox. 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. AmeriLife enters the annuity brokerage space, establishes National Brokerage Division. Scott R. Perry joins AmeriLife as chief executive officer. Visit www.AmeriLife.comand follow AmeriLife on Facebookand LinkedInfor more information. SRG represents the next generation of insurance agencies with a focus on technology, cultural diversity, and best-in-class sales training and virtual tools. AmeriLifes management also is investing. Contact Email socialmedia@amerilife.com. THL couples deep sector expertise through an Identified Sector Opportunity ("ISO") process with dedicated internal operating resources from its Strategic Resource Group ("SRG") to transform and build great companies of lasting value in partnership with management. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. AmeriLife employees supporting your business. 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.. Industry-leading, cost effective and high ROI distribution network designed to connect and engage with consumers and stakeholders across the country. 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. The average employee at AmeriLife makes $54,512 per year. Boudrero will manage operations of the newly combined organization, with locations in Salt Lake City, Clearwater, Fla. and South Carolina. As part of our organic growth efforts, AmeriLife is continuing to develop and work through proprietary product opportunities within those aforementioned product lines. 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 next two decades, the company grew steadily as more and more pre-retirees flocked to Florida. Flowers acquires a majority stake in AmeriLife, helping the company issue approximately $7.7 million in stock over three years. Our partnership will support American Benefits Exchanges mission by leveraging a holistic approach to product delivery and expanding the companys distribution footprint.. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Welcome to AmeriLife! "This acquisition was in the spirit of partnership," said Scott R. Perry, Chairman and CEO of AmeriLife. Yes, we offer a range of fee-based asset management services and solutions. The data presented on this page does not represent the view of AmeriLife and its employees or that of Zippia. 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.. AmeriLife enters the life insurance space, acquires Agent Support Group Inc. J.C. 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. 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. 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. Third-Party Administration (TPA) services built on industry-leading technology and delivered at scale to allow carriers to focus on building their businesses. 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. Join Our Team. We cant wait to speak with you! To learn more, Were biased, but we think its a pretty great place, too. It continues to thrive with these efforts as well. and certain THL limited partners. CLEARWATER, Fla., Oct. 6, 2020 /PRNewswire/ -- AmeriLife Group, LLC ("AmeriLife"), the national leader in marketing and distributing life, health and retirement solutions, has acquired Secure Administrative Solutions (SAS) from A-CAP. by our talented team of associates and affiliates across the country. With a key December hire in a newly created position, AmeriLife took the next step in its plan to grow annuity sales organically. 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, 2023 Interested in a career with AmeriLife? The American Benefits Exchange team is excited to join the AmeriLife family, said American Benefits Exchange President Brian Pearson. There are a number of paths that we could go. "Genstar's investmentwillaccelerate our growthandhelpus continue tobuild out our platform toprovide superiorsupport toour carrier partners,our affiliates and our agents. AmeriLife expands outside of Florida, opening an office in North Carolina. Its easy! Please use the form below to get in touch with us and The process took 1 week. Research Summary. The joint partnership between two of the world's leading private equity firms is a testament to AmeriLife's strength and fervent pace of growth, and creates a strong foundation for continued nationwide expansion. In doing so, it has strengthened its offerings, expanded its geographical footprint, Institutional Wealth Management, Broker-Dealer & RIA pages. 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. To learn more about the products and solutions we distribute, and to connect. Reservoir Capital Group and Black Diamond Capital Partners acquired AmeriLife in 2007, and sold it in 2015 to J.C. 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Business Profile Ameri-Life & Health Services of Raleigh Insurance Companies Contact Information 2051 Renaissance Park Pl STE 209 Cary, NC 27513-2267 Get Directions Visit Website Email this. This position can be based out of our Tempe or Glendale office. We don't think about the exit. They need a partner with a legacy of multi-product innovation, commitment to collaboration, and focus on delivering enhanced value to its distribution and, ultimately, consumers. 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.. The company's remarkable growth is the result of vision and innovation, resulting in record expansion, production, sales, and profits in recent years. When typing in this field, a list of search results will appear and be automatically updated as you type. SAS provides administrative support for proprietary Medicare Supplement, fixed annuity and life programs and joins two other third-party administrators under the AmeriLife umbrella: American Insurance Administrators (AIA), which specializes in the administration of Medicare Supplement insurance products, and American Benefits Administrators (ABA), which specializes in the administration of voluntary benefit products sold through the company's worksite distribution channel. organizations joining AmeriLife in the past year alone. and fortified its vast and powerful distribution network for years to come. AmeriLife has proven that its model is the future of insurance marketing and distribution. Absolutely.. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. This copy is for your personal, non-commercial use only. help people live longer, healthier and more secure lives. How can I join the team? That kind of return on investment is necessary for AmeriLife now that it is in the hands of private equity firms. As the 21st century progressed it was a heady time to be in the retirement business. Have you worked at AmeriLife? Not affiliated with the U. S. government or federal Medicare program. We think about running the business and building a great company, he said. 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. 15% of AmeriLife employees are Black or African American. 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. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. 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. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. 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. Headquarters Regions Tampa Bay Area, East Coast, Southern US. across the life and health insurance, and annuities and retirement planning space. So, it's been a part of our strategy, but it is not the strategy, Perry said. A lioness in the industry With Angie Ribuffo, Find out how you can submit To learn more about the products and solutions we distribute, and to connect with an agent in your area, visit our Consumers page. About Right Choice Right Choice is a field marketing insurance brokerage firm based in Atlantic City, N.J. Thats where Coleman comes in. An affiliate of TruChoice, Inforce is a national brokerage general agency focused in the life insurance market. 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.". Steadily as more and more pre-retirees flocked to Florida the leadership of SAS president, Janelle.... 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