Amdel Associates Inc. to Purchase Altium Group
Summary
According to Amdels CEO William Coluccio, "The FMO business model is one of the most efficient, effective and profitable forms of distribution for life insurance, annuity and long term care products today.In return for access to this network , the financial institution pays an override to the FMO on all premium produced by its agents and brokers.According to Mr. Coluccio, "Altium Group recruits, trains and supports its agent network at its own expense; but does it better and with a significantly lower cost structure than any large insurance carrier could ever achieve.As a result, the demand for financial and wealth preservation products will continue to grow at a record pace; never before seen in the history of this country.for an undisclosed amount.Altium Group is a Field Marketing Office (FMO) for some of the largest insurance carriers in the United States.According to Amdels CEO William Coluccio, "The FMO business model is one of the most efficient, effective and profitable forms of distribution for life insurance, annuity and long term care products today.