AmeriLife’s Acquisition of Crump: What It Means for Independent Insurance Agents
AmeriLife Group, LLC (“AmeriLife”), a national organization specializing in life and health insurance, annuities, and retirement planning, announced its agreement to acquire Crump Life Insurance Services and Hanleigh Management (“Crump”) from TIH Insurance Holdings, LLC. This acquisition positions AmeriLife as a powerhouse in life insurance distribution, offering enhanced tools and opportunities for independent insurance agents.
Why This Matters to Insurance Agents
For agents who rely on Crump’s extensive portfolio of life insurance and retirement products, this acquisition promises significant enhancements. AmeriLife’s resources and network will likely lead to expanded access to tools, support, and comprehensive product offerings that could make selling and servicing policies easier and more efficient.
Scott R. Perry, chairman and CEO of AmeriLife, emphasized how this move strengthens their focus on agents:
“Crump’s exceptional team and dedication to customer satisfaction align perfectly with AmeriLife’s vision to enhance wealth solutions for clients and partners.”
What’s in It for You as an Insurance Agent?
- Expanded Product Portfolio: With Crump joining the AmeriLife network, agents can expect a broader range of solutions, including life insurance, annuities, long-term care, and specialty offerings. This diversity equips agents to better address client needs across various stages of life.
- Improved Technology and Back-Office Support: Crump has long been known for its premier sales and back-office technology services. Under AmeriLife, these resources are poised to grow, offering agents better tools for client management, quoting, and policy servicing.
- Stronger Market Position: AmeriLife’s acquisition solidifies Crump’s status as a leader in life insurance distribution, providing agents with the credibility and stability that comes with partnering with an industry giant.
- Access to New Opportunities: For agents looking to expand their businesses, AmeriLife’s extensive network and innovative distribution platforms could open doors to untapped markets and client bases.
Mike Vietri, Chief Distribution Officer for AmeriLife Wealth Group, noted:
“Crump’s breadth and depth of expertise, especially in the life insurance space, will enable us to deliver more comprehensive solutions and revolutionize how we help individuals and families protect and grow their wealth.”
Looking Ahead
As part of AmeriLife’s Wealth Group, Crump will gain access to new tools and resources to further enhance its capabilities, building on its 100+ years of success. For insurance agents, this partnership underscores a commitment to supporting their efforts in providing top-tier insurance solutions to clients.
Whether you’re already working with Crump or considering adding their offerings to your portfolio, this acquisition could mean greater opportunities for growth, efficiency, and client satisfaction in 2025 and beyond.
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