AmeriLife strengthens life insurance distribution with Crump acquisition

AmeriLife, a developer, marketer, and distributor of life and health insurance, annuities has entered into an agreement to acquire Crump Life Insurance Services and Hanleigh Management from TIH Insurance Holdings.

AmeriLife, a developer, marketer, and distributor of life and health insurance, annuities has entered into an agreement to acquire Crump Life Insurance Services and Hanleigh Management from TIH Insurance Holdings.

The acquisition aims to bolster AmeriLife’s Wealth solutions offerings by integrating Crump’s robust distribution network and expertise in life insurance, according to the Coverager.

The financial details of the transaction have not been disclosed, but the partnership is set to redefine service standards in the life insurance and WealthTech sectors.

AmeriLife provides a comprehensive suite of life and health insurance products, along with annuities and retirement planning solutions, catering to a diverse client base.

Crump Life Insurance Services operates as a third-party distributor and service provider of insurance and retirement products.

It collaborates with over 31,000 financial professionals to deliver solutions such as life insurance, annuities, long-term care, linked benefit products, disability insurance, and other specialty offerings.

This transaction also includes Hanleigh Management, further expanding AmeriLife’s portfolio. The acquisition underlines AmeriLife’s commitment to providing holistic solutions for agents, advisors, and financial professionals. Crump’s established reputation and depth of expertise are expected to play a pivotal role in helping AmeriLife achieve its mission of protecting and growing wealth for clients at all life stages.

AmeriLife chairman and CEO Scott R. Perry said, “We are thrilled to welcome Crump into the AmeriLife family. Crump is a leading independent distributor of life insurance and this partnership aligns perfectly with our vision to provide enhanced Wealth solutions for our clients and partners. Crump’s exceptional team and relentless dedication to customer satisfaction will further develop our capabilities in the marketplace. Together – through our shared culture and values – we will continue to redefine the standards of service and excellence in our industry.”

AmeriLife Wealth Group chief distribution officer Mike Vietri said, “With the acquisition of Crump, we are continuing to transform how we approach Wealth distribution and deliver on our holistic commitment to agents, advisors, and leading financial professionals everywhere. Crump’s breadth and depth of expertise, especially in the life insurance space, will enable us to deliver more comprehensive and integrated solutions and revolutionize how we help individuals and families protect and grow their wealth – no matter their stage of life.”

Crump CEO Mike Martini said, “We are excited to join forces with AmeriLife. This highly complementary transaction marks a pivotal moment for our company and demonstrates our commitment to advancing our capabilities and services for our clients and partners. We look forward to leveraging AmeriLife’s extensive network and deep resources to better serve the needs of our customers and to drive continued growth in the life insurance market.”

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