Two of the greater Detroit, Mich. region’s brokerage general agencies, Professional Life Underwriters Services, LLC (PLUS) and Midwest Financial Network (MFN) have merged to become PLUS Financial Network.
This consolidation has resulted in an agency with some 60 years of corporate experience for the firms’ roughly 1,600 independent insurance agent partners in the life insurance, long term care, disability income and annuity marketplace.
“The new PLUS Financial Network is positioned to benefit both our stakeholders and insurance advisors, as well as their clients,” said Lloyd West, FLMI, President, PLUS Financial Network. “Our combined capabilities and knowledge, along with an even bigger portfolio of carriers, give us a greater ability to place cases with the right insurers to get the best rates and the benefits clients are looking for.”
“There is a tremendous synergy between our two organizations. Both agencies have exemplary reputations for customer service, and this is an opportunity to build even stronger relationships with our partners,” said Ted Kotsakis, CEO, PLUS Financial Network. “Our size and our reach ensure that we can provide the most innovative products available, backed by financial strength, without sacrificing commissions for the advisors who work with us.”
Known for in-house underwriting expertise, the firm specializes in creative plan designs and is a leader in the impaired risk arena. PLUS Financial Network is a member of Aimcor Group and proudly represents some 40 insurance carriers.