AmeriLife Agrees to Acquire Allianz Life Distribution Arm

Allianz Life plans to focus on selling risk management and retirement solutions through independent distributors, according to Jasmine Jirele, Allianz Life’s CEO.

The Deal

Scott Perry, the AmeriLife CEO, announced that Brian Peterson, the TruChoice CEO, and other TruChoice and Inforce employees will be joining AmeriLife.

TruChoice will no longer be affiliated with Allianz Life, but it intends to maintain a strong FMO relationship with Allianz Life while distributing products from other companies.

Piper Sandler & Co. is acting as the TruChoice financial advisor.

Other AmeriLife Deals

AmeriLife has also announced a series of major alliances in the past months.

The company’s Senior Market Advisors arm said it will work with The Legacy Group of St. Louis to distribute Medicare Advantage plans and retirement products.

AmeriLife has also joined with Fluent and Leadrilla to launch the LeadStar Marketplace, a lead-generation program, and Aimcor Group to start Aimcor Consolidated, or Icon, a joint venture that will help AmeriLife form strategic partnerships and expand sales of fully underwritten life insurance.

Pictured: Scott Perry. (Photo: AmeriLife)