AmeriLife Group, a national organization that develops, markets, and distributes life and health insurance, annuities, and retirement planning solutions, announced that it has closed on its acquisition of Crump Life Insurance Services and Hanleigh Management from TIH Insurance Holdings. Per the agreement, terms of the deal were not disclosed.
“We’re excited to officially open this new chapter between AmeriLife and Crump,” said Scott R. Perry, chairman and CEO of AmeriLife. “I want to thank TIH, Mike Martini, the Crump leadership team, and all our transaction partners for bringing this deal over the finish line. We look forward to getting to work together and leveraging the increased distribution power that our combined companies will bring to the industry.”
“I am grateful to everyone who worked tirelessly – between signing and closing – to make this deal a reality, and I am thrilled that Crump has found its forever home with AmeriLife,” added Mike Martini, CEO of Crump. “This is truly a win-win transaction that creates a special partnership: one with a perfectly aligned vision and mission that will drive value for Crump’s teammates, clients, carriers, and stakeholders. The future is, indeed, now.”
As previously announced, Crump will continue to operate as a standalone company and brand under the leadership of CEO Mike Martini as part of AmeriLife’s holistic wealth distribution platform, AmeriLife Wealth Group.