This week we are reading about Integrity Marketing Group’s expansion, AmerilLife’s Executive Vice President, and the slowing U.S. Life Insurance trend in March.
Integrity Marketing Group expands Acquisition of Michigan-based MultiState Insurance Center, Inc. | Integrity Marketing| April 2, 2019
Integrity Marketing Group. LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has entered into a definitive agreement to axquire MultiState Insurance Center, Inc. (“MultiState or “the Company”). Based in Grand Haven, Michigan, MultiState is a second-generation, family-owned and operated agency specializing in Medicare Supplement and Final Expense insurance. As part of the deal, MultiState owner and CEO Karen Fredricks becomes an owner in Integrity.
U.S. Life Insurance Activity Stumbles In March, MIB Reports | insurancenewsnet.com | April 12, 2019
U.S. life insurance application activity slowed down in March, largely because young people did not buy.
Overall activity fell 4.9% year over year, according to the MIB Life Index. The severity of the decline is largely attributable to the March 2018 comparative period being so good — up 6.7%, MIB explained.
For the first quarter 2019, the MIB Life Index is off 1% versus Q1 2018.
AmeriLife® Names Patrick J. Fleming Executive Vice President | AmeriLife | April 9, 2019
AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing and distributing annuity, life and health insurance solutions, today named Patrick J. (Pat) Fleming as Executive Vice President Product Innovation & Corporate Actuary. This announcement comes as the company intensifies its partnership with leading carriers to deliver proprietary and other financial solutions to the pre-retiree and retiree market.