First Protective

    By
    Broker World
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    First Protective

    First Protective Insurance Group, Inc., a subsidiary of Protective Life Corporation, recently announced the acquisition of the brokerage business Profit Plans, LLC.

    Profit Plans is a Chattanooga, TN-based brokerage agency founded in 1963 that specializes in both life insurance and annuities. The acquisition will allow producers at Profit Plans brokerage to access a broader range of risk management product lines, as well as expanded sales and marketing resources.

    “We are pleased to bring these two successful organizations together and believe this will benefit Profit Plans’ producers and their clients,” said Andy Martin, CLU, ChFC, president of First Protective.

    “We are excited about the opportunity to join forces with First Protective,” said Doug BeVille, president of  Profit Plans. “We believe the combined resources will help our customers continue to build their businesses and bring additional value to their clients.”

    First Protective serves insurance and financial services professionals across the United States. Originally founded in 1983 as a life insurance distribution company, First Protective is a full-service financial services marketing organization providing life insurance, annuities and asset-based LTC solutions, as well as disability and long term care insurance. First Protective is headquartered in Birmingham, AL, with regional offices in Mobile and Huntsville, AL, Baton Rouge, LA, Greenville, SC, Nashville, TN, and Milwaukee, WI.

    Broker World is the only national insurance magazine founded, focused and edited to specifically address the brokerage marketplace and the unique informational needs of independent life and health producers who select the products best suited to their clients' needs from a variety of companies and marketers. The primary service is to provide a channel of communication between life and health companies and marketers and the 28,600+ proven producers of substantial amounts of brokerage business that constitute Broker World's readership.