AmeriLife Acquires Majority Stake in Stephens-Matthews

Dave Matthews will also be a principal and member of the management team with AmeriLife’s life and health insurance brokerage distribution channel, AmeriLife says.

AmeriLife is a Clearwater, Florida-based insurance distributor with relationships with about 140,000 financial professionals. A Thomas H. Lee Partners L.P.  investor group hopes to acquire control of that company, from J.C. Flowers & Company LLC, by about March 31.

Stephens-Matthews is a company that sells life and annuity products but is best known as a distributor for health insurance products, including major medical insurance, short-term health insurance and Medicare plans.

The company has not disclosed the number of producer relationships it has but says it has producers in 49 states.

The company distributes products from many major health insurers, including Aetna, Cigna, Humana, Molina Healthcare and United Group., and it also has relationships with companies such as American International Group and Mutual of Omaha.

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