AmeriLife Group, LLC, a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, has announced a strategic partnership with WerksGroup, LLC. The partnership includes WerksGroup’s primary business line, MyFedRetirementWerks, which focuses on optimizing retirement and benefit options for federal employees. The deal, whose terms were not disclosed, aims to enhance the range of retirement and life insurance guidance available to federal employees, helping them achieve their long-term financial goals.
Richard and Karen Wolfe, principals of WerksGroup, LLC, emphasized the alignment of values between the two companies. “Our company began with a simple phrase: ‘One big purpose,’” they said. “We believe that financial guidance is more than just selling products. It is the pursuit of helping clients create and implement a plan to achieve their long-term life goals. Partnering with AmeriLife strengthens that mission, broadens our reach, and merges our core values seamlessly.”
WerksGroup, LLC brings over 60 years of combined expertise in retirement planning and life insurance, focusing on nurturing relationships rather than merely making sales. The company has a well-established client base that includes employees of the U.S. Postal Service, the Department of Veteran Affairs, the Central Intelligence Agency, and various other federal agencies and departments.
Richard and Karen Wolfe also credited their management team and minority partners, Patrick Shehan and Mark Ross, for their roles in the company's success. Shehan has been instrumental in the sales division for the postal and federal markets, while Ross has significantly expanded the annuity market. Their contributions have been pivotal in building WerksGroup into a reputable organization.
As part of AmeriLife Wealth Group, WerksGroup will gain access to an advanced platform that delivers efficiency, value, and access to diverse resources and services. This integration is expected to increase productivity and support the company’s growth objectives.
AmeriLife’s Chief Distribution Officer of Wealth Distribution, Mike Vietri, expressed enthusiasm about the partnership. “We are immensely impressed with Richard and Karen and their dedication and expertise while growing WerksGroup,” Vietri said. “Their exceptional work in the life insurance and annuity sectors has played a pivotal role in ensuring the retirement comfort of their federal employee clients. We are excited to integrate their strengths into our portfolio and continue building on their success.”
This acquisition is significant as it not only broadens AmeriLife’s portfolio but also enhances the financial guidance available to a crucial segment of the workforce—federal employees. With the combined expertise and resources of AmeriLife and WerksGroup, federal employees can expect more comprehensive and tailored solutions to meet their retirement and life insurance needs. The partnership exemplifies a strategic move to provide better financial outcomes for clients, reinforcing AmeriLife's mission to help people live longer, healthier lives.
