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 AnnuityRateWatch.com 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.
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.