What You Need to Know
- Integrity Marketing bought IMOs in Connecticut and New Jersey.
- Security National closed on a funeral home company.
- Warner Pacific now has cash it can use to make deals.
Senior Market Sales has acquired Medigap Life, a call center company.
Senior Market Sales is an Omaha, Nebraska-based arm of Alliant Insurance Services. It has relationships with 65,000 independent insurance agents and 1,000 career agents.
Medigap Life is a Boca Raton, Florida-based company with other offices in New York and North Carolina. It sells Medicare plans in all 50 states.
The firm has been using Senior Market Sales support services for about five years.
Senior Market Sales says it expects to keep Medigap Life’s managers, offices and employees..
Integrity Marketing and Warner Pacific also have new distribution deal news.
Integrity Marketing Group — a Dallas-based insurance marketing organization that has used private equity firm support to build a business with relationships with 420,000 agents and advisors — has announced two deals.
The company has acquired Schmidt Insurance Services of Ellington, Connecticut, and The Diversified Companies of Parsippany, New Jersey.
Schmidt sells life insurance, health insurance and services aimed at wealthy people. It was founded in 2019, has about 15,000 clients and hopes to sell products that will generate about $22 million in annual premium.