Crump Life Insurance Services announced an expansion of its relationship with AXA Network.
The company said they will provide enhanced technology and life brokerage sales support for the more than 5000 AXA Advisors financial professionals, enabling access to highly-rated non- proprietary products that offer a full spectrum of life-related insurance solutions for their clients, as well as disability income insurance products and variable annuities.
According to a release, effective July 2, AXA Network's employees at its Harrisburg location became employees of Crump, continuing to service AXA Advisors financial professionals exclusively as a national account of Crump Life Insurance Services.
"After looking at multiple options, we concluded that expanding the relationship with Crump would best meet the needs of our financial professionals and their clients, as well as the employees within AXA Network," said Bucky Wright, chairman and chief sales officer of AXA Advisors. "This change will allow our financial professionals to leverage Crump's breadth and depth of expertise in brokerage to bring industry-leading capabilities in technology, sales tools, and marketing resources to help them grow their business and enhance client services."
In addition to continued access to Crump's life and annuity carrier portfolio, AXA Advisors financial professionals will now exclusively access long-term care and disability insurance products through Crump as well as use its policy-review program and advanced markets expertise at the distribution level to support complex sales on a multi-carrier platform.
"This is a great cultural fit between two like-minded organizations, as Crump and AXA Network have had a long and successful relationship. We did a deep dive to evaluate numerous options and believe that Crump has outstanding capabilities and support to help us execute our strategy," said John Fitzpatrick, the former EVP with AXA Network, who is now leading the AXA Network team at Crump.
"We are pleased to welcome the AXA Network employees to Crump. We have high regard for the successful AXA Network organization they have helped build," said Brian Winikoff, president of Crump Life Insurance Services. "We look forward to the addition of these colleagues to enhance the structure of our Harrisburg location, while strengthening the value proposition to AXA's financial professionals."
Crump Life Insurance Services is an independent wholesale distributor of life insurance.
AXA Equitable Life Insurance Company is a financial protection company and a provider of life insurance, annuity, and financial products and services.
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