Oregon-based LTC Global, Inc. has acquired American Insurance Agency, Inc. (AIA), a privately held life and health insurance agency based in Lebanon, Tenn. As part of the deal, Mike Beckman, principal of AIA, joined the LTC Global group of companies as regional manager, annuity division.
The deal is LTC Global’s first “strategic expansion of its annuity distribution network,” according to a company report. LTC Global launched its annuity business a little over a year ago, when it acquired Senior WealthCare Insurance Services.