Tag Company

　　

TAG Company: A Comprehensive Overview

　　

1. Company Overview

　　

Founding Date and Background

　　TAG Company, officially known as The Assurance Group (TAG), was founded in 1988 by Ed Shackelford. Initially established as Piedmont Brokerage, the company aimed to provide insurance and financial services, primarily focusing on employee benefits and final expense products.

　　

Parent Company/Ownership Structure

　　TAG operates as an independent insurance marketing organization. It has no parent company but is structured to provide services through various divisions, including annuities, final expense, and Medicare products.

　　

Headquarters Location

　　The headquarters of TAG is located in Archdale, North Carolina, USA. This central location allows for efficient operations and outreach to agents across the country.

　　

Global Business Scope

　　While TAG primarily serves the United States market, it has established a network of agents and offices across various states, representing a significant presence in the insurance marketing sector. The company does not operate internationally but focuses on the domestic market.

　　

Main Regulatory Bodies

　　TAG is regulated by various state insurance departments across the United States. Each state has its own regulatory body that oversees insurance practices, ensuring compliance with local laws and regulations.

　　

2. Company History and Development

　　

Key Milestones

• 1988: Ed Shackelford founded Piedmont Brokerage, focusing on employee benefits.
• 1999: Piedmont Brokerage was rebranded as The Assurance Group (TAG), expanding its product offerings.
• 2004: TAG secured an exclusive agreement to sell United Healthcare Medicare Advantage plans, significantly boosting its market presence.
• 2012: TAG launched its career agency channel, further diversifying its business model.

　　

Business Expansion Journey

　　Over the years, TAG has expanded its product offerings from employee benefits to a full range of insurance products, including final expense, Medicare, and annuities. The company has grown its agent network to nearly 5,000 brokerage agents and 500 active career agents.

　　

Customer Base Growth

　　TAG has successfully built a diverse customer base, primarily targeting the senior market. The company has enrolled over 750,000 Medicare Advantage clients, generating substantial revenue for its carrier partners.

　　

Platform Development History

　　TAG has invested in technology to enhance its services and streamline operations. This includes developing an extensive training program for agents and implementing a robust information technology platform to support its operations.

　　

Important Awards or Recognitions Received

　　TAG has received numerous accolades, including recognition as one of the fastest-growing insurance marketing organizations in the United States. The founder, Ed Shackelford, has been acknowledged as a trendsetter in the industry, further solidifying TAG's reputation.

　　

3. Trading Services Offered

　　

Forex Trading Options

　　While TAG does not primarily focus on forex trading, it offers a range of financial products that may include currency exchange services through its affiliated agents.

　　

Stock Trading Options

　　TAG's primary business model does not revolve around stock trading. However, agents may provide clients with information and access to stock investment opportunities as part of their financial planning services.

　　

CFD Trading Products

　　TAG does not explicitly offer Contracts for Difference (CFDs) as part of its core services. The company's focus remains on insurance and financial products designed to meet the needs of its clients.

　　

Other Financial Instruments

　　TAG provides various financial products, including:

• Annuities: Offering tax-deferred growth and guaranteed income options.
• Final Expense Insurance: Helping clients manage funeral expenses.
• Medicare Products: Including Medicare Advantage and supplement plans.

　　

Special Services or Unique Advantages

　　TAG prides itself on its agent-centric approach, providing extensive training, support, and resources to its agents. This includes an open-book policy with clients, ensuring transparency and trust throughout the insurance process.

　　

4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　TAG is regulated by multiple state insurance departments, ensuring compliance with local laws and standards. Some of the key regulatory bodies include:

• North Carolina Department of Insurance
• California Department of Insurance
• Florida Department of Financial Services

　　

Legal Entity Structure by Region

　　TAG operates as a licensed insurance agency in various states, with each state requiring separate licensing and compliance with local regulations.

　　

Client Fund Protection Measures

　　TAG employs strict compliance measures to protect client funds, including:

• Regular audits by independent third parties.
• Compliance with state and federal insurance regulations.
• Maintaining adequate reserves to cover potential claims.

　　

Countries/Regions Served

　　TAG primarily serves clients within the United States. The company does not have international operations, focusing on providing services to domestic clients.

　　

Compliance History

　　TAG has maintained a strong compliance history, adhering to the regulations set forth by state insurance departments. The company's commitment to transparency and ethical practices has contributed to its positive reputation in the industry.

　　

5. Competitive Landscape

　　

3-5 Main Competitors

　　TAG operates in a competitive insurance marketing landscape, with several key competitors, including:

• Aflac: Known for its supplemental insurance products.
• Mutual of Omaha: Offers a range of insurance and financial products.
• Transamerica: Provides life insurance and investment services.
• Prudential: A major player in life insurance and financial services.

　　

Positioning in the Industry

　　TAG positions itself as a leader in the insurance marketing sector, specializing in products for the senior market. The company differentiates itself through its agent-centric approach and commitment to providing personalized service.

　　

Market Differentiation Factors

• Agent-Centric Model: TAG focuses on empowering its agents with training and resources, ensuring they can provide exceptional service to clients.
• Diverse Product Offerings: The company offers a wide range of insurance products tailored to meet the needs of its target market.
• Strong Compliance and Ethical Standards: TAG's commitment to ethical practices and compliance with regulations enhances its reputation and builds trust with clients.

　　For more detailed information about TAG Company, including insights into specific services and opportunities, please visit TAG Company.

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