Sioux Falls, SD – September 12, 2023 – Investors Preferred Life Insurance Company (“IPL” or the “Company”), a premier provider of private placement life insurance and annuities, is pleased to announce that Nikki Pethtel has been named President of IPL. Ms. Pethtel succeeds Tommy Mayes, who will remain on the Board of Directors of IPL.
Founded in 2013, IPL is a bespoke carrier of private placement solutions for wealth preservation planning. The insurance company partners with advisors to create custom, tax-efficient strategies for their clients.
“I am incredibly honored and humbled by the trust placed in me by the Board and I’m excited to work with our team here at IPL and our external partners to drive the Company's growth for years to come,” said Ms. Pethtel. “As we celebrate our 10th anniversary, and with our recent A- rating by AM Best, I firmly believe IPL is poised for a future defined by success and growth.”
Ms. Pethtel joined IPL in 2016 as the Company’s Chief Financial Officer and has been managing day to day operations for the last three years. She has used her over two decades experience in insurance financial and operating experience to help lead IPL’s rapid growth to become one of the leading providers of private placement solutions in the market.
"Investors Preferred has invested heavily in people, systems, and marketing over the last few years. We have added significant talent and now Nikki will be leading a team that will continue our tradition of innovation and passion for client service,” said Mr. Mayes. “I am passing the baton to a truly remarkable and qualified leader and look forward to working closely with Nikki and the Board while staying close to key strategic relationships for the firm.”
IPL’s suite of private placement life and annuity solutions are available to clients who meet the Internal Revenue Code’s definition of an Accredited Investor and Qualified Purchaser. Clients then incorporate these solutions into their estate, protection, and business plans.
“Having worked with Nikki since she first joined IPL, I cannot think of a more perfect choice for this job at this time,” said Alan Jahde, Chair & Co-Founder of IPL. “This appointment helps to ensure that our next 10 years are just as successful and full of growth as our first 10.”
Investors Preferred is a bespoke carrier of private placement solutions for wealth preservation planning. The firm partners with advisors to create custom, tax-efficient strategies for their clients. Its track record is indisputable, as it is consistently ranked one of the fastest-growing U.S. life insurers by S&P Global Market Intelligence. But the team takes more pride in knowing how Investors Preferred achieved this recognition: The productivity is a result of putting clients first and being a trustworthy partner.
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