Financial Benefit Group, an insurance holding company in Boca Raton, Fla., has formed a subsidiary to market tax-deferred annuities to financial institutions.

The new company, Financial Institution Insurance Associates Inc., is headed by Steven E. Sacks. A veteran banker, Mr. Sacks most recently was eastern division president of Cross Marketing, a bank marketing company.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.