Just saw where they have merged with Senior Marketing Specialists owners. They will keep going to where they will be able to go to companies and say we will sell your product as your exclusive IMO/NMO and shuttle all the smaller IMOs to second tier companies. Agents will have no choice but to take whatever they offer in order to survive.
Integrity Marketing acquires Agent Pipeline...
- Thread starter Packerland
- Start date
I have several contracts with SMS. There a very big outfit . So Integrity gets the back end renewals in exchange for ownership ? Does the imo still get the fyi override he was getting? So for ownership to pay off i'm assuming they'll go public? How can this be good news for insurance co's? This is like dealing with a company 20 times the size of life with 300k agents . I'm wondering if more company's will start offering direct contracts to avoid Integrity buying power ?
- 181
I wrote 100's of Medicare Advantage under AgentPipeline, nearly everyone of them 10 years ago or so. I have been trying to obtain a Release without One-Way Language in it, a Generic, General Release. Are there any executives who can escalate this?
- 2,121
Integrity Surprises Employees with $125 Million Payout and Equity Ownership in the Insurtech Leader
DALLAS – DECEMBER 21, 2021 – On the heels of a $1.2 billion minority equity investment and just in time for the holidays, Integrity Marketing Group, LLC (“Integrity”), an omnichannel insurtech leader in life, health and wealth solutions, today surprised its 5,500 employees with an unexpected $125 million in cash payouts to employees participating in the company’s Employee Ownership Plan.
The company further shocked employees by awarding equity units to all those who had yet to qualify for them through the plan — making every current full-time Integrity employee an official owner of the company. Integrity’s Co-Founder and CEO, Bryan W. Adams, traveled across the country to meet in person with over 2,000 of the company’s employees — and virtually with the remainder of Integrity’s 120 offices — to share the news and distribute the $125 million. Eligible employees will receive cash awards of varying size, based on factors such as position and tenure. Employees who have participated in the program since its 2019 inception will receive a minimum of $8,000, and still have an estimated $60,000 in current equity value remaining in company shares.
“Integrity is a business built by caring and committed people who go the extra mile to help other people. Two years ago, we became an employee-owned company with our innovative Employee Ownership Plan, which gave ownership in our company to all our employees. As we experience success and create value as an insurtech company, we share that upside with all our employee owners,” said Bryan W. Adams. “Our employees are the key to making our vision to transform the industries we serve a reality. We are thrilled to show our gratitude by including our entire team in our success. By coming together to work, win, prosper and share, we have been able to create one of the industry’s first companies where every employee is also an owner.”
“Integrity is truly a company powered by people and we’re passionate about our culture of giving back,” said Steve Young, Integrity’s Chairman of the Board. “Without question, our motivated, dedicated employees have made Integrity one of the fastest growing companies in America. We couldn’t be happier to reward their contributions and dedication — and show them how appreciated they are by sharing in our growth.”
Integrity has achieved an impressive year-over-year annual growth in excess of 100% for five years running, and has a one-of-a-kind omnichannel insurtech platform — with 420,000 agents serving more than 10 million clients annually. The company expects new sales in 2021 to exceed $7 billion and to reach more than $20 billion of assets under management and advisement through its RIA and broker-dealer platforms by the end of the year.
The company recently announced a strategic equity partnership led by Silver Lake to expand Integrity’s digital innovation and insurtech capabilities.
“Integrity’s culture of employee ownership is a key differentiator. It’s an incredibly powerful way to align objectives that spur growth and reward people for delivering on innovation,” said Egon Durban, Co-CEO of Silver Lake. “We are supportive of how the employee ownership program at Integrity is inclusive, sharing and demonstrates a belief in their people.”
“When you work with a committed, talented group of individuals who are helping improve the lives of Americans, the decision to share our success becomes an easy one,” explained Adams. “In addition to the $125 million they’re receiving today, our employees will continue to have considerable equity ownership in Integrity. When you consider that the average household savings in America is roughly $17,000, it’s easy to see how ownership can help our employees prepare for the good days ahead. This is unquestionably the most meaningful decision and outcome I’ve ever been part of in my career.”
Integrity became an employee-owned business in 2019 with the formation of the Employee Ownership Plan, and the company paid out a retroactive cash distribution of $50 million to Integrity’s 750 employees at the time. With this latest payment, Integrity has now paid out a total of $175 million to its employees in a little over two years through the Employee Ownership Plan.
“We want all of our employees to know they are in the right place, making valued contributions every day,” continued Adams. “Together, we are executing our mission to serve the life, health and wealth needs of Americans and help them prepare for the good days ahead. That makes it even more fitting that we share in the prosperity we achieve together.”
“I’ve been part of some incredible things throughout my career, but nothing comes close to the joy of being able to share true ownership with our employees — it’s a day that will change their lives forever, and the potential value it offers is unimaginable,” shared Young. “Integrity is committed to transforming the insurance and financial services industries, and what we’ve been able to achieve would not have been possible without the amazing team we’ve assembled. This unique opportunity and reward for our employees is well deserved.”
DALLAS – DECEMBER 21, 2021 – On the heels of a $1.2 billion minority equity investment and just in time for the holidays, Integrity Marketing Group, LLC (“Integrity”), an omnichannel insurtech leader in life, health and wealth solutions, today surprised its 5,500 employees with an unexpected $125 million in cash payouts to employees participating in the company’s Employee Ownership Plan.
The company further shocked employees by awarding equity units to all those who had yet to qualify for them through the plan — making every current full-time Integrity employee an official owner of the company. Integrity’s Co-Founder and CEO, Bryan W. Adams, traveled across the country to meet in person with over 2,000 of the company’s employees — and virtually with the remainder of Integrity’s 120 offices — to share the news and distribute the $125 million. Eligible employees will receive cash awards of varying size, based on factors such as position and tenure. Employees who have participated in the program since its 2019 inception will receive a minimum of $8,000, and still have an estimated $60,000 in current equity value remaining in company shares.
“Integrity is a business built by caring and committed people who go the extra mile to help other people. Two years ago, we became an employee-owned company with our innovative Employee Ownership Plan, which gave ownership in our company to all our employees. As we experience success and create value as an insurtech company, we share that upside with all our employee owners,” said Bryan W. Adams. “Our employees are the key to making our vision to transform the industries we serve a reality. We are thrilled to show our gratitude by including our entire team in our success. By coming together to work, win, prosper and share, we have been able to create one of the industry’s first companies where every employee is also an owner.”
“Integrity is truly a company powered by people and we’re passionate about our culture of giving back,” said Steve Young, Integrity’s Chairman of the Board. “Without question, our motivated, dedicated employees have made Integrity one of the fastest growing companies in America. We couldn’t be happier to reward their contributions and dedication — and show them how appreciated they are by sharing in our growth.”
Integrity has achieved an impressive year-over-year annual growth in excess of 100% for five years running, and has a one-of-a-kind omnichannel insurtech platform — with 420,000 agents serving more than 10 million clients annually. The company expects new sales in 2021 to exceed $7 billion and to reach more than $20 billion of assets under management and advisement through its RIA and broker-dealer platforms by the end of the year.
The company recently announced a strategic equity partnership led by Silver Lake to expand Integrity’s digital innovation and insurtech capabilities.
“Integrity’s culture of employee ownership is a key differentiator. It’s an incredibly powerful way to align objectives that spur growth and reward people for delivering on innovation,” said Egon Durban, Co-CEO of Silver Lake. “We are supportive of how the employee ownership program at Integrity is inclusive, sharing and demonstrates a belief in their people.”
“When you work with a committed, talented group of individuals who are helping improve the lives of Americans, the decision to share our success becomes an easy one,” explained Adams. “In addition to the $125 million they’re receiving today, our employees will continue to have considerable equity ownership in Integrity. When you consider that the average household savings in America is roughly $17,000, it’s easy to see how ownership can help our employees prepare for the good days ahead. This is unquestionably the most meaningful decision and outcome I’ve ever been part of in my career.”
Integrity became an employee-owned business in 2019 with the formation of the Employee Ownership Plan, and the company paid out a retroactive cash distribution of $50 million to Integrity’s 750 employees at the time. With this latest payment, Integrity has now paid out a total of $175 million to its employees in a little over two years through the Employee Ownership Plan.
“We want all of our employees to know they are in the right place, making valued contributions every day,” continued Adams. “Together, we are executing our mission to serve the life, health and wealth needs of Americans and help them prepare for the good days ahead. That makes it even more fitting that we share in the prosperity we achieve together.”
“I’ve been part of some incredible things throughout my career, but nothing comes close to the joy of being able to share true ownership with our employees — it’s a day that will change their lives forever, and the potential value it offers is unimaginable,” shared Young. “Integrity is committed to transforming the insurance and financial services industries, and what we’ve been able to achieve would not have been possible without the amazing team we’ve assembled. This unique opportunity and reward for our employees is well deserved.”
- Thread starter
- #25
Packerland
Guru
- 572
Not one penny went to an agent. The NMO'S and their employees made that one. Not one penny will go to the actual independent agent that did the heavylifting.
Think about that the next time you talk to your Intergity upline.
Think about that the next time you talk to your Intergity upline.
MaryJ4703
New Member
- 5
Why would an independent agent expect to get anything from the sale of their FMO?
- Thread starter
- #27
Packerland
Guru
- 572
Maryj let's try this to start.
1. NMO's do not sell products per sec. What they do is provide services for Independent agents. The agents do all of the heavy lifting.
I do not the begrudge any NMO for getting an override on my production. What I do get upset with is these mega companies like Integrity beating their chest and telling the world how great they are, how much they are paying out to their employess. Why is it important for a private company to tell the world how great they are other to get others to sell to them?
A big Thank You to the agents that made each and everyone them successful would have been a nice gesture.
1. NMO's do not sell products per sec. What they do is provide services for Independent agents. The agents do all of the heavy lifting.
I do not the begrudge any NMO for getting an override on my production. What I do get upset with is these mega companies like Integrity beating their chest and telling the world how great they are, how much they are paying out to their employess. Why is it important for a private company to tell the world how great they are other to get others to sell to them?
A big Thank You to the agents that made each and everyone them successful would have been a nice gesture.
- 4,085
I think a lot of these corporate employees deserve a lot better pay. Do you really expect somebody making $45,000 a year to provide the same level of a service as someone making more?
if you also want to expect to retain talented employees then the market requires them to be paid more and receive more incentive for their efforts.
As a single agent out running Leads and producing you probably don’t realize the importance of human infrastructure. But these large organizations need that, and I have no problem with them getting paid well for it.
if you also want to expect to retain talented employees then the market requires them to be paid more and receive more incentive for their efforts.
As a single agent out running Leads and producing you probably don’t realize the importance of human infrastructure. But these large organizations need that, and I have no problem with them getting paid well for it.
. JMHO.
- 4,085
You can’t do business in the marketplace without doing business to some capacity under integrity as an independent agent.
Several of the Medicare supplement portals are based off of IAS software. Insurance admin services is owned by integrity. See?
Several of the Medicare supplement portals are based off of IAS software. Insurance admin services is owned by integrity. See?
