Susan Polk Insurance Agency Inc. of San Luis Obispo, which has been in business for more than 30 years, is splitting off the group and individual health insurance divisions of its business to two other health insurance brokers.
Susan Polk Insurance is narrowing its focus on the Medicare population and will offer Medicare plans, long-term care, life and travel insurance.
“It is every business owner’s responsibility to create and maintain a succession plan, and I think this is a good one,” Susan Polk said in a news release.
Steve Polk has purchased the group insurance division, which he has managed for the past six years. The business, Steven J. Polk Insurance, will offer group insurance, life insurance, disability and long-term care insurance. Current clients are not expected to notice a change.
Kip Meredith of Meredith Insurance Center will take over the individual health insurance division. Meredith has 20 years of experience as the regional sales manager for Anthem Blue Cross.