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AmeriLife Buys Majority Stake in Agent Support Group

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A life, health and annuity distributor is expanding its ability to help financial advisors set up high-end life insurance arrangements.

AmeriLife Group LLC of Clearwater, Florida, said Tuesday that it has acquired a majority stake in Agent Support Group Inc. of New York.

(Related: Two Big Life and Annuity Distributors Combine)

AmeriLife has relationships with about 140,000 insurance agents and advisors.

Agent Support Group helps financial advisors design life insurance arrangements for use in estate planning and business planning as well as for personal protection.

Agent Support Group was founded in 1973 and is part of the LIBRA Insurance Partners distributor group.

The three partners who have been in charge of Agent Support Group  —  Sam Kaufman, Jay Scheiner and Gary Bleetstein — will continue to work in New York, as part of AmeriLife’s annuity and retirement planning brokerage distribution team, AmeriLife said.

Scott Perry, AmeriLife, said in the Agent Support Group deal announcement that the deal will expand AmeriLife’s ability to help advisors offer products such as split-dollar plans and deferred compensation arrangements.

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