from 8 AM - 9 PM ET. AmeriLife Group, an insurance distributor, will find itself owned by a private-equity firm for a third time. We cant wait to speak with you! 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. 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. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com. AmeriLife provide insurance and retirement solutions to enhance the lives of pre-retirees and retirees. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Financial terms werent announced. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Independent marketing and distribution is big business in a country where 10,000 Americans retire each day. Institutional Wealth Management, Broker-Dealer & RIA. Entire contents copyright 2023 by InsuranceNewsNet.com Inc. All rights reserved. The company's remarkable growth is the result of vision and innovation, resulting in record expansion, production, sales, and profits in recent years. Contact Email socialmedia@amerilife.com. It is hard to compete against an Integrity, Simplicity, or AmeriLife in terms of sales, and therefore annuity commission payouts, she said. Third-Party Administration (TPA) services built on industry-leading technology and delivered at scale to allow carriers to focus on building their businesses. 116 were here. At AmeriLife, our values are more than just words How can I join the team? To learn more about the products and solutions we distribute, and to connect with an agent in your area, visit our Consumers page. Institutional Wealth Management, Broker-Dealer & RIA. AmeriLife may also be known as or be related to AmeriLife, AmeriLife Group, AmeriLife Group, LLC, Amerilife Group Llc and Amerilife Group, LLC. Development, implementation and delivery capabilities, giving our distribution partners a competitive edge and expanding their consumer reach. 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. Flowers acquires a majority stake in AmeriLife, helping the company issue approximately $7.7 million in stock over three years. "This partnership gives us access to the tools . 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. 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. A little over a year later, AmeriLife then added TruChoice in a huge deal. With a deep understanding of civil service employees needs, the American Benefits Exchange team offers a comprehensive portfolio of products to address important financial issues. They price risk and they manage assets. AmeriLife made a giant leap forward when it began acquiring life, health and annuity brokerages. View Guidelines. help people live longer, healthier and more secure lives. That kind of return on investment is necessary for AmeriLife now that it is in the hands of private equity firms. In recent years, AmeriLife continued to push through growth barriers under the leadership of CEO Scott Perry, brought aboard in 2016. 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). Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Please email Patrick Nichols, AmeriLifes senior vice president of corporate development, at. Fifty-five percent of its business is focused on health, 35% on annuities and 10% on life insurance. In 2019, AmeriLife acquired a majority interest in Brookstone Capital Management, a deal that created a combined organization with more than $3.5 billion in annual life, health and annuity premiums and $2.7 billion in assets under management. Any information we provide is limited to those plans we do offer in your area. This position can be based out of our Tempe or Glendale office. Thats where Coleman comes in. and certain THL limited partners. As a part of the transaction, AmeriLife also welcomes to its family of companies Senior Family Services (SFS), a Philadelphia-based independent insurance agency specializing in products for older Americans, and Right Choice (RC), an Atlantic City, N.J.-based bilingual field marketing brokerage firm. "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.". Quality and insightful product development turns insurer relationships into long-lasting partnerships and maximizes the value delivered up and down the vertical.. AmeriLife contact info: Phone number: (800) 458-7112 Website: www.amerilife.com What does AmeriLife do? We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 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. 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 most common ethnicity at AmeriLife is White (60%). 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 has proven that its model is the future of insurance marketing and distribution. 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.. 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. "Over the last two years,AmeriLifehasrapidlygrown its affiliate baseand invested heavily inbest-in-classshared resources and supportto fuelourtremendous organic growth," said Scott R. Perry, chairman and CEO of AmeriLife. Im an insurance company and want to engage AmeriLife. For 2022, we're proud to recognize the below carriers for their commitment to our shared values and the customers we serve. When typing in this field, a list of search results will appear and be automatically updated as you type. AmeriLife enters the annuity brokerage space, establishes National Brokerage Division. AmeriLife, 2023 That doesnt mean AmeriLife isnt interested in proprietary life and annuity products of its own. Join Our Team. Interested in a career with AmeriLife? 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. IRI announces 2023 Retirement Security Blueprint, Less than half of US workers are aware of the IRS tax credit for eligible retirement savers, March will bring bear-market risks for US stocks, Morgan Stanley says. Feature papers represent the most advanced research with significant potential for high impact in the field. Flowers for less than $500 million, Barrons reported. AmeriLife has. The team at Senior Resource Group provides the tools, support and training necessary for success in the insurance industry. I interviewed at AmeriLife (Tampa, FL) in Oct 2022. The AmeriLife network includes more than 300,000 independent agents and advisors, and more than 200 carrier partners. For more information, visitAmeriLife.com, and follow AmeriLife onFacebookandLinkedIn. Watched a 15-minute video about what Amerilife offers and then talked with the general manager. From industry-best solutions from over 100 carriers, to our vast national distribution network, AmeriLife was built to grow and accelerate your business. I know what we can do really well, which is distribute products and drive efficiency across that value chain. InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. Hopefully, we make their lives easier and make them more efficient at what they do.. wewill respond within 24 hours. Legal Name AmeriLife Group, LLC. Please use the form below to get in touch with us and And our network continues to grow at a rapid pace, with. 15% of AmeriLife employees are Hispanic or Latino. 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. network, AmeriLife was built to grow and accelerate your business. Additional terms of the transaction, which is subject to customary closing conditions, were not disclosed. In doing so, it has strengthened its offerings, expanded its geographical footprint, Interested in a career with AmeriLife? San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Visit www.AmeriLife.comand follow AmeriLife on Facebookand LinkedInfor more information. Last Funding Type Secondary Market. 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. Business Profile Ameri-Life Marketing Group, LLC Marketing Programs Contact Information 2650 McCormick Dr Clearwater, FL 33759-1005 Get Directions Visit Website (800) 531-1411 File a Complaint. Evercore served as financial advisor to AmeriLife on the transaction. 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. Today, carriers need more than just a good distributor. Our partnership will support American Benefits Exchanges mission by leveraging a holistic approach to product delivery and expanding the companys distribution footprint.. 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. Terms of the transactions were not disclosed. AmeriLife is ranked #24 on the Best Insurance Companies to Work For in Florida list. For the best Barrons.com experience, please update to a modern browser. Thomas H. Lee Partners is leading an investor group to acquire AmeriLife through a. As the 21st century progressed it was a heady time to be in the retirement business. Any information we provide is limited to those plans we do offer in your area. Phone Number (800) 458-7112. 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. Join Our Team. AmeriLife expands to seven offices throughout Florida. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. The AmeriLife network includes more than 300,000 independent agents and advisors, and more than 200 carrier partners. Help other job seekers by rating AmeriLife. "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. 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Private equity firm J.C. Thomas H. Lee Partners is leading an investor group to acquire AmeriLife through a recapitalization, according to a statement. Welcome to AmeriLife! Already a member? AmeriLife is a national leader in developing, marketing, and distributing . Learn more about our promise to our partners and stakeholders. 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. Thomas H. Lee Partners, L.P. ("THL") is a premier private equity firm investing in middle-market growth companies exclusively within three sectors: Healthcare, Financial Technology & Services, and Technology & Business Solutions. 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. "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. "This acquisition was in the spirit of partnership," said Scott R. Perry, Chairman and CEO of AmeriLife. Operating Status Active. 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. And our network continues to grow at a rapid pace, with 18 new organizations joining AmeriLife in the past year alone. for more on our company and to browse corporate professional opportunities. 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. AmeriLife has partnered with the nations leading insurance carriers to provide value and quality to customers through a national distribution network of: Our mission has been at the heart of everything, AmeriLife does to provide peace of mind and. 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. Interested in a career with AmeriLife? AmeriLife celebrates its 50th anniversary. Aligned with AmeriLife's resources and industry expertise, the "new SRG" is positioned to be a market leader for years to come as a part ofAmeriLife's Life & Health Brokerage Distribution division. AmeriLifes strategy of serving (pre)retirees was truly an inspired one, its company history states. Cannae Holdings 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. "We've maintained a strong strategic relationship with A-CAP over the years and are excited to start this next chapter with SAS as a part of our third-party administrator family of companies. Medicare supplement products followed. 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. About AmeriLife. Heretofore, AmeriLife primarily concentrated on expansion through acquisitions of existing producers. 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. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. About Right Choice Right Choice is a field marketing insurance brokerage firm based in Atlantic City, N.J. To learn more, Were biased, but we think its a pretty great place, too. Senior Family Services owners Anthony Souders, Nicholas Germak, and Elena Burenko will become members of SRG along with Licy Bonilla and Eglis Craffey, owners of Right Choice. 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