Merger to create mega life insurance marketing organization

Libra Insurance Partners and Insurance Designers of America have agreed to merge, creating one of the largest independently owned life insurance marketing organizations in the United States.

The combined company will operate under the Libra Insurance Partners brand and will have more than 110 affiliated partner agencies. J. Craig Collins, who was president of Insurance Designers of America, will serve as executive vice president and chief relations officer of Libra.

The merger will take effect Jan. 1, the companies said in a release.

[More: Life insurance can be a valuable asset for seniors battling inflation]