The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
NORTHUMBERLAND, Pa. - June 9, 2014 – Keystone Insurers Group today added two more independent insurance agencies in Illinois to its expanding franchise business. Resource Insurance of DeKalb and Pufalt-Pauley Insurance of Belleville bring the total number of franchise partners in the state to 14.
“Resource and Pufalt-Pauley researched our business thoroughly and discovered that, because no two are the same, each agency partner in Illinois realizes a different value from the Keystone relationship,” said Keystone’s Vice President of Franchise Sales and Marketing Elizabeth Schenk. “Like the others before them, both of our new partners determined prior to joining Keystone which of our divisions will bring the greatest value to their business,” she added.
About the new Keystone partners:
Resource Insurance – Formed in 1988 when Resource Bank purchased the Dean Lyman Insurance Agency, Resource Insurance has grown from two to nine employees. The agency is managed by Steve Braser, who joined the firm in 2009 after working 30 years in a family-owned retail shoe business. He is president of both the DeKalb and Hampshire Chambers of Commerce and a two-term alderman in Sycamore. For more information, visit www.resourcebank.com/insurance.
Pufalt-Pauley Insurance Agency – In 1950 William Pufalt purchased The Voellinger Agency, which had been established in Belleville in 1922. James Pauley joined the agency in 1973; 10 years later the firm’s name was changed to Pufalt-Pauley Insurance Agency, and today Pauley is its owner. His brother, Dan, and daughter, Lisa, are among the agency’s 11 employees. For more information, visit www.pufalt-pauleyinsurance.com.
About Keystone Insurers Group (KIG) – Founded in 1983 and headquartered in Northumberland, Pa., KIG is owned by its franchise partners and employees in Pennsylvania, North Carolina, Virginia, Indiana and Ohio. In addition, KIG conducts business in Kentucky, Tennessee, Georgia and Illinois. Each partner is an independent agency. With property/casualty premiums exceeding $2 billion, KIG is ranked third on Insurance Journal's 2013 list of Top 20 Privately-Held Property/Casualty Agency Networks. For franchising opportunities in Illinois, contact Elizabeth Schenk at email@example.com. For more information, go to www.keystoneinsgrp.com.
Lea Ann Hawk