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November 23, 2020 at 09:09 AM
AmeriLife Group has acquired American Benefits Exchange.
AmeriLife is a Clearwater, Florida-based life, health and annuity distributor that has relationships with about 150,000 agents and advisors.
American Benefits Exchange is a 4-year-old Austin, Texas-based firm that sells products aimed at federal employees, state employees, U.S. Postal Service employees and military personnel. It also sells insurance products at small businesses.
(Related: Integrity Marketing Adds a Medicare Plan Distributors
Terms have not been disclosed. However, Brian Pearson, president of American Benefits Exchange, will continue to run the firm and will become a principal with AmeriLife’s life and health brokerage distribution division, the company said in a statement.
In other life, health and annuity deal news:
Insurance Specialist Group, Palo Alto, California, and Boost Health Insurance, Huntington Beach, California, have merged.
Insurance Specialist Group is a national marketing organization that sells health insurance products aimed at individuals and families under age 65. It has relationships with about 40 carriers and about 100 insurance agency call centers.
