DES MOINES, Iowa, Oct. 8, 2021 /PRNewswire/ -- F&G, 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 F&G partner. The
opportunity brings new distribution capacity for F&G to fuel
growth in middle market indexed universal life (IUL) sales.
"F&G has a long history with FEG, and they have been an
integral part of our life growth in recent years," said
John Phelps, EVP and Chief
Distribution Officer at F&G. "This 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."
FEG has been a partner of F&G for several years,
contributing to F&G's rank as a top 3 middle market IUL
provider by case rate this year[1]. 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.
"F&G has been a key contributor to our success, and we are
excited to join forces with this exciting partnership," said
Ron Bloomingkemper, Chairman of
FEG. "Teaming up with F&G solidifies the greatness of the
opportunity and gives the FEG organization enormous potential to
grow in our industry today."
This equity stake is an extension of F&G's overall
diversification strategy. Since last year, F&G 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, F&G intends to expand its life business with
continued penetration of multi-cultural segments in the U.S.
About F&G
F&G is part of the FNF family of companies. F&G is
committed to helping Americans turn their aspirations into reality.
F&G is a leading provider of annuity and life insurance
products and is headquartered in Des
Moines, Iowa. For more information, please
visit fglife.com.
"F&G" is the marketing name for Fidelity & Guaranty Life
Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued
by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.
Media Contact:
Karen Pevenstein
Karen.Pevenstein@fglife.com
617.312.3922
[1] LIMRA U.S. Retail Individual Insurance Sales Participant
Report, Q2 2021
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SOURCE Fidelity & Guaranty Life; Fidelity National
Financial, Inc.