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AmeriLife Acquires a Majority Stake in TAG: Annuity Deals

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AmeriLife Group says it has acquired a majority stake in The Achievement Group (TAG).

AmeriLife is a Clearwater, Florida-based life, health and annuity distributor.

TAG is a Des Moines, Iowa-based life and annuity distributor that was founded in 1994. It offers a handy dashboard on its website that shows, for example, that sample rates range from 1% for a 1-year annuity to 3.65% for a 20-year multi-year-guaranteed annuity.

(Related: Integrity Marketing Acquires Medicare Plan IMO)

The companies are not saying how much AmeriLife is paying for TAG, but AmeriLife says Brad Tison, TAG’s founder, will become a principal in AmeriLife’s annuity and retirement planning brokerage division.

In other life and annuity deal news:

Integrity Marketing Group, Dallas, has agreed to acquire Insurance Administrative Solutions (IAS), an independent administrator for insurers.

IAS has about 300 employees. It services about $500 million in annual premium revenue and administers about 4 million claims per year.

Integrity Marketing is not saying how much it’s paying for IAS, but it says Doug Price, the president of IAS, will get a stake in Integrity Marketing.

Thoma Bravo, San Francisco, a private equity firm, has completed the acquisition of Majesco, a Morristown, New Jersey-based insurance technology company, for about $730 million. That’s up from the deal price of $594 million originally announced in July.

Thoma Bravo is once owned iPipeline, a life insurance software and technology services firm. It bought iPipeline for $420 million in 2015 and sold the company to Roper Technologies, in August 2019, for $1.6 billion.

Majesco became a publicly traded company in 2015. It’s now taken its stock off the Nasdaq stock exchange. It has abut 2,400 employees. Its products include CloudInsurer LifePlus Solutions and CloudInsure L&A.

IPipeline, Exton, Pennsylvania, has acquired Impact Financial Systems (IFS), a company that provides service request automation software for life insurers and other financial services companies.

Its systems can help companies with bringing new customers on board, moving assets, account maintenance, and advisor transitions.

The companies are not saying how much iPipeline is paying for IFS, but Tim Parson, the president of IFS, will go to work for iPipeline, iPipeline says.

— Read MetLife May End Up Looking More Like Aflac and Unumon ThinkAdvisor.

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