Crump Life Insurance Services has signed an agreement with AXA Network to offer technology and life brokerage sales support for the more than 5,000 AXA Advisors financial professionals.
As per the agreement, Crump Life will provide access to non-proprietary products which offer a full spectrum of life-related insurance solutions for their clients, as well as disability income insurance products and variable annuities.
AXA Network’s 119 employees working at Harrisburg office became employees of Crump, and remain servicing AXA Advisors financial professionals exclusively as a national account of Crump Life Insurance Services, under the agreement.
AXA Advisors chairman and chief sales officer Bucky Wright said after looking at multiple options, the firm concluded that expanding the relationship with Crump would best meet the needs of its financial professionals and their clients, as well as the employees within AXA Network.
"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," Wright added.
"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."
The deal will pave way for AXA Advisors financial professionals to gain access long-term care and disability insurance products, as well as use its policy-review program and markets expertise at the distribution level to support composite sales on a multi-carrier platform.
Crump Life Insurance Services, a wholesale distributor of life insurance serves nearly 200,000 financial services professionals with the products prepared by almost 100 highly rated insurance companies.