AmeriLife Group acquires Texas-based American Benefits Exchange

AmeriLife Group, an insurance and retirement solutions has acquired Texas-based American Benefits Exchange for an undisclosed price.

American Benefits Exchange has expertise in offering insurance solutions to federal, postal, and state employees, and also to members of the US Armed Forces and small businesses.

Said to have a deep understanding of the requirements of civil service employees, American Benefits Exchange’s team provides a comprehensive portfolio of products to address major financial issues.

Scott R. Perry – Chairman and CEO of AmeriLife said: “American Benefits Exchange is a well-rounded marketing company that has made its mark in life, health and annuity distribution, supplementing existing government benefit plans.

“Our partnership will support American Benefits Exchange’s mission by leveraging a holistic approach to product delivery and expanding the company’s distribution footprint.”

AmeriLife said that the acquisition advances its strategic focus in joining hands with independent insurance professionals, financial advisors, and marketing organizations with solid bases for growth.

The company said that the collaborations lead to an integrated organizational model, benefiting both parties with shared access to the required resources to maintain growth, and also for the expansion of distribution capabilities, for getting to a larger audience and marketplace.

Brian Pearson – American Benefits Exchange President said: “The American Benefits Exchange team is excited to join the AmeriLife family.

“Our partnership with AmeriLife brings us access to market-leading life, health and annuity products and best-in-class training and technology tools that will position American Benefits Exchange to grow exponentially while continuing to faithfully serve our clients.”

Brian Pearson, who established American Benefits Exchange in 2016, will continue to lead it as President. He will also become a principal and member of the AmeriLife Life & Health Brokerage Distribution unit.