Help us make this company more transparent. Not affiliated with the U. S. government or federal Medicare program. 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. Im an insurance company and want to engage AmeriLife. AmeriLife contact info: Phone number: (800) 458-7112 Website: www.amerilife.com What does AmeriLife do? Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Already a member? In doing so, AmeriLife has become recognized as the leader in . The merging of these entities will leverage operational collaboration across these groups. 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. AmeriLife has partnered with the nations leading, insurance carriers to provide value and quality, Over 300,000 insurance agents and advisors. Over the next two decades, the company grew steadily as more and more pre-retirees flocked to Florida. And our network continues to grow at a rapid pace, with. Thomas H. Lee Partners is leading an investor group to acquire AmeriLife through a recapitalization, according to a statement. That doesnt mean AmeriLife isnt interested in proprietary life and annuity products of its own. Executive Vice President, Product Innovation & Corporate Actuary. Today, carriers need more than just a good distributor. One of the things that we first and foremost look for his talent. American Benefits Exchange specializes in providing insurance solutions to federal, postal . Flowers acquires a majority stake in AmeriLife, helping the company issue approximately $7.7 million in stock over three years. Were excited for the possibility to serve you. For the best Barrons.com experience, please update to a modern browser. AmeriLife relocates headquarters to Clearwater, Florida. and fortified its vast and powerful distribution network for years to come. 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. Interested in a career with AmeriLife? 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. When typing in this field, a list of search results will appear and be automatically updated as you type. The employee data is based on information from people who have self-reported their past or current employments at AmeriLife. Industry-leading, cost effective and high ROI distribution network designed to connect and engage with consumers and stakeholders across the country. Flowers sells a majority stake in AmeriLife to an investor group led by private equity firm Thomas H. Lee Partners. 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. AmeriLife entered 2023 claiming to be the largest Insurance Marketing Organization (IMO) in the US dedicated to offering insurance and retirement solutions.. Flowers for less than $500 million, Barrons reported. "We have followed the tremendous progress of Scott and his team since we first met in 2016. "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.". 15% of AmeriLife employees are Black or African American. Visit our. Does AmeriLife offer retirement services beyond conventional planning? As part of our organic growth efforts, AmeriLife is continuing to develop and work through proprietary product opportunities within those aforementioned product lines. Please email Patrick Nichols, AmeriLifes senior vice president of corporate development, at pnichols@amerilife.com to get started. Yes, we offer a range of fee-based asset management services and solutions. For 2022, we're proud to recognize the below carriers for their commitment to our shared values and the customers we serve. 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. Who do I contact? He has crafted an organization that focuses on specialty markets, which include military, federal and state government employees, while overseeing the distribution of insurance and annuity products. AmeriLife was founded in Holiday, Florida. 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. To learn more about the products and solutions we distribute, and to connect. Providing insurance and financial advisors to help people live longer, healthier lives AmeriLife | Clearwater FL 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. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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. 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. How can I get a quote? Genstar will join AmeriLife's current private equity investor, Thomas H. Lee Partners, L.P.("THL"), as an equal investor. 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. 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. This leader is also responsible for overseeing . Interested in a career with AmeriLife? The transaction is valued at over $1 billion, two people familiar with the deal said. 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. About AmeriLife. When typing in this field, a list of search results will appear and be automatically updated as you type. After extensive research and analysis, Zippia's data science team found that: 51% of AmeriLife employees are women, while 49% are men. Flowers, the private-equity firm run by investor J. Christopher Flowers, is the seller. AmeriLife has. 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. Were excited for the possibility to serve you. 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. Now is not the time, but we'll make the determination of what's the best way to maximize value for shareholders. AmeriLife employees supporting your business. 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. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Headquartered in Minneapolis, TruChoice is one of the largest field marketing organizations in the industry. Institutional Wealth Management, Broker-Dealer & RIA. We think about running the business and building a great company, he said. 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. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. A big part of AmeriLifes growth strategy is expanding its presence in the annuities and fully underwritten life space, Fleming explained. ", "Genstar Capital could not be more excited to welcome AmeriLife to our portfolio," said Ryan Clark, president and managing director of Genstar Capital. 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.. Second is strategic capabilities, Perry said during a recent industry conference. Claiming and updating your company profile on Zippia is free and easy. AmeriLife is ranked #24 on the Best Insurance Companies to Work For in Florida list. AmeriLife Group, an insurance distributor, will find itself owned by a private-equity firm for a third time. Founded Date 1971. On average, employees at AmeriLife stay with the company for 3.2 years. We cant wait to speak with you! 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. Third-Party Administration (TPA) services built on industry-leading technology and delivered at scale to allow carriers to focus on building their businesses. "This partnership gives us access to the tools . Perry doesnt rule it out but said that isnt the plan right now. 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 In 2021, the company struck a deal for Saybrus Partners, a life insurance and annuity distribution company. He previously co-founded the Ideal Producers Group, where he spearheaded the actuarial department and led product innovation, design and marketing. ", "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. We do not offer every plan available in your area. Pearson, with more than 30 years of insurance industry experience, founded American Benefits Exchange in 2016. Last Funding Type Secondary Market. We're 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 . wewill respond within 24 hours. To learn more about partnering with AmeriLife, From industry-best solutions from over 100 carriers, to our vast national distribution. SRG was already a top-performing Medicare sales agency in the Philadelphia metro area; merging these groups together with AmeriLife creates unlimited potential.". network, AmeriLife was built to grow and accelerate your business. 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. Reservoir Capital Group and Black Diamond Capital Partners acquired AmeriLife in 2007, and sold it in 2015 to J.C. We cant wait to speak with you! 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).

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