ROSELAND, N.J., August 14, 2012
-- Crump Life Insurance Services is pleased to announce an expansion of its relationship with AXA Network to 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.
Effective July 2, 2012, AXA Network’s 119 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, LLC. “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.”
“We are confident this expanded relationship will contribute significantly to our commitment to provide our financial professionals with the top distribution platform in the industry,” Wright added.
In addition to continued access to Crump’s broad 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 turnkey 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 executive vice president 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.”
About Crump Life Insurance Services
Crump Life Insurance Services is a prominent independent wholesale distributor of life insurance, linking a national network of approximately 200,000 financial services professionals with the products manufactured by approximately 100 highly rated insurance companies. Crump supports the distribution of traditional and variable life, long-term care, disability, annuity products and life settlements with the industry's premier sales and back-office support services.
Crump’s technology-driven insurance distribution solutions are among the insurance brokerage industry’s most advanced, including Internet-based capabilities and a leading-edge administration system to support all aspects of processing with multiple insurance companies. Crump Life Insurance Services includes the following brands: Crump Life Institutional Group, Crump Potomac Affluent Markets, RiskRighterSM , Tellus Brokerage Connections and TIME Financial.
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About AXA Equitable
In business since 1859, AXA Equitable Life Insurance Company (NY, NY) is a leading financial protection company and one of the nation’s premier providers of life insurance, annuity, and financial products and services. The company’s products and services are distributed to individuals and business owners through its retail distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC.
Find AXA Equitable on Facebook and Twitter or visit the company’s multi-media newsroom The Source @ AXA Equitable.
AXA Equitable, a subsidiary of AXA Financial Inc., is part of the global AXA Group, a worldwide leader in financial protection strategies and wealth management. AXA Group refers to AXA, a French holding company for an international group of insurance and financial services companies together with its direct and indirect consolidated subsidiaries. For more information, visit axa-equitable.com
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