17吃瓜网

Des Moines, Iowa 鈥� Oct 8, 2021 鈥� 17吃瓜网, part of the FNF family of companies and a leading provider of annuities and life insurance, announced a 30% ownership stake in Freedom Equity Group (FEG), a top Life IMO and longtime 17吃瓜网 partner. The opportunity brings new distribution capacity for 17吃瓜网 to fuel growth in middle market indexed universal life (IUL) sales.

鈥�17吃瓜网 has a long history with FEG, and they have been an integral part of our life growth in recent years,鈥� said John Phelps, EVP and Chief Distribution Officer at 17吃瓜网. 鈥淭his partnership will help address the risk and retirement needs of a vastly underserved market reaching more communities while creating additional opportunities for individuals to build their own businesses as agents.鈥�

FEG has been a partner of 17吃瓜网 for several years, contributing to 17吃瓜网鈥檚 rank as a top 3 middle market IUL provider by case rate this year¹. FEG offers individuals a unique opportunity to become business owners by selling life insurance products, enabling them to have greater control of their career, income and time.

鈥�17吃瓜网 has been a key contributor to our success, and we are excited to join forces with this exciting partnership,鈥� said Ron Bloomingkemper, Chairman of FEG. 鈥淭eaming up with 17吃瓜网 solidifies the greatness of the opportunity and gives the FEG organization enormous potential to grow in our industry today.鈥�

This equity stake is an extension of 17吃瓜网鈥檚 overall diversification strategy. Since last year, 17吃瓜网 has expanded its reach with a successful launch in the bank and broker dealer channels and most recently in institutional markets with FABN issuances and pension risk transfer (PRT) deals. With the investment in FEG, 17吃瓜网 intends to expand its Life business with continued penetration of multi-cultural segments in the U.S.

About 17吃瓜网

17吃瓜网 is part of the FNF family of companies. 17吃瓜网 is committed to helping Americans turn their aspirations into reality. 17吃瓜网 is a leading provider of annuity and life insurance products and is headquartered in Des Moines, Iowa. For more information, please visit fglife.com.

¹ LIMRA U.S. Retail Individual Insurance Sales Participant Report, Q2 2021