AmeriLife Acquires a Majority Interest in Medicare Plan Distributor

AmeriLife Group LLC has acquired a top Medicare plan distributor, Jack Schroeder and Associates LLC (JSA).

AmeriLife is a Clearwater, Florida-based life, health and annuity distributor that recently received backing from an investor group led by Thomas H. Lee Partners L.P., a large private equity firm. The Thomas H. Lee group acquired control of the company from J.C. Flowers & Company LLC. The company has relationships with about 140,000 agents and advisors.

JSA is a Green Bay, Wisconsin-based insurance marketing organization that once was a major distributor of stand-alone long-term care insurance. The company continues to be a major national distributor of Medicare supplement insurance policies and Medicare Advantage plans.

(Related: Investor Group Completes AmeriLife Recapitalization)

JSA also distributes a wide range of other products with appeal to older consumers, including Medicare Part D prescription drug plans, short-term care insurance, short-term medical insurance, dental plans, hospital indemnity insurance, telemedicine plans, and final expense arrangements.

The company continues to distribute long-term care planning products, including products from Mutual of Omaha, OneAmerica and Transamerica.

JSA also provides insurance continuing education classes in 48 states.

Jack Schroeder, a Wisconsin native who served in the U.S. Navy in World War II, started JSA in 1972. He died in 1996. His sons and grandsons still run JSA today.