AmeriLife, a leading developer, marketer, and distributor of life and health insurance products, including annuities, has announced its acquisition of Crump Life Insurance Services and Hanleigh Management from TIH Insurance Holdings. This strategic move aims to strengthen AmeriLife’s Wealth solutions by integrating Crump’s extensive distribution network and expertise in life insurance.
While the financial terms of the deal have not been disclosed, the acquisition is expected to redefine service standards within the life insurance and WealthTech sectors. AmeriLife’s portfolio, which already includes a broad range of life and health insurance products, annuities, and retirement planning solutions, will be significantly enhanced by Crump’s strong presence and reputation in the life insurance industry.
Crump Life Insurance Services, a well-established third-party distributor, partners with over 31,000 financial professionals to provide a wide array of products, including life insurance, annuities, long-term care, disability insurance, and linked benefits. The acquisition also incorporates Hanleigh Management, further expanding AmeriLife’s wealth management offerings.
This acquisition highlights AmeriLife’s ongoing commitment to providing holistic solutions for financial professionals, agents, and advisors. The expertise that Crump brings will be instrumental in supporting AmeriLife’s mission to protect and grow wealth for clients at all life stages.
AmeriLife Chairman and CEO, Scott R. Perry, expressed excitement about the partnership, saying, “We are thrilled to welcome Crump into the AmeriLife family. This acquisition aligns with our vision to enhance Wealth solutions for our clients and partners, and Crump’s dedication to customer satisfaction will help us continue to raise the bar for service in the industry. Together, we will redefine standards of service and excellence.”
Mike Vietri, AmeriLife Wealth Group’s Chief Distribution Officer, shared that the integration of Crump will transform AmeriLife’s approach to wealth distribution, saying, “Crump’s depth of expertise, particularly in life insurance, allows us to offer more integrated and comprehensive solutions to better protect and grow wealth for families and individuals, no matter their stage of life.”
Crump CEO, Mike Martini, added, “Joining forces with AmeriLife is a key milestone for our company. It demonstrates our commitment to advancing our services for clients and partners. We look forward to leveraging AmeriLife’s vast network and resources to drive continued growth and deliver exceptional value in the life insurance market.”
This acquisition solidifies AmeriLife’s position as a leading provider of integrated Wealth solutions, allowing it to expand its reach and enhance its service offerings for financial professionals and clients across the life insurance, annuities, and wealth management sectors.
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