DISCLAIMER: The information provided in this carrier review is for general information purposes only. Discounts and offers may vary by state and may not be fully detailed in this article found on our website. For more information on the discounts available in your state, please contact us at 1-888-559-0103.
BFLIC HISTORY
Bankers Fidelity Life Insurance Company (BFLIC) is a trusted insurance company based in Atlanta, Georgia. Since it started in 1955, it has been helping seniors across the United States with reliable insurance coverage. The company is licensed in 46 states and the District of Columbia, which means it can provide insurance in many parts of the country.
Bankers Fidelity Life Insurance is part of Atlantic American Corporation and has a trusted reputation for helping people with their insurance needs. Its subsidiary, Bankers Fidelity Assurance Company, works alongside the parent company to continue its legacy of providing excellent insurance services. Together, they are ready to face the future with exciting opportunities ahead.
For more than 60 years, Bankers Fidelity has helped thousands of Americans protect themselves and their families with fast and fair claims. Their excellent customer service has made them one of the most respected names in life and health insurance.
Bankers Fidelity Life Insurance (BFLIC): Helping You with Coverage
Bankers Fidelity Life Insurance Company (BFLIC) provides different types of insurance to protect you and your family. Their plans include:
- Medicare Supplement Insurance – Helps cover costs that Medicare doesn’t pay.
- Short-Term Care Insurance – Pays for temporary care needs.
- Lump Sum Cancer Insurance – Gives you a cash payment if diagnosed with cancer.
- Hospital Indemnity Insurance – Helps with hospital bills.
- Final Expense Life Insurance – Covers funeral and other final expenses.
With years of experience, Bankers Fidelity makes insurance easy to understand and ensures you get the right coverage. Their team is always ready to answer questions, help with claims, and provide support when you need it.
This appointment is meant to alleviate any concerns and there is no-cost or obligation to make a change.
Medicare Supplement Insurance
Medicare Supplement Insurance, also known as Medigap, helps pay for some healthcare costs that Original Medicare does not cover. These costs include:
- Co-pays
- Deductibles
- Coinsurance
Medicare Supplement Insurance is not a replacement for Medicare. It is an extra policy that helps fill the gaps in Medicare coverage. Private insurance companies offer these plans, and there are 10 different types to choose from. Each plan has different coverage options and costs.
Bankers Fidelity Medicare Supplement plans offer great protection for seniors. We know choosing the right health care plan can be confusing, but we’re here to help. We’ll listen to your needs and explain your options, so you can feel confident that you have the right coverage for your health.
Short Term Care Insurance
Short-term care insurance is a policy that helps cover the costs of staying in a nursing home or receiving home health care. The policy can provide benefits for up to 360 days. If you need care at home, this insurance can help with the costs too. It’s important because nursing homes and home health care can be very expensive, even after you leave the hospital.
Medical insurance helps cover doctor visits, accidents, and long-term illness treatments. But what if you need to stay in a nursing facility or need help from a home health care worker? Standard health insurance may not cover these costs. That’s where short-term care insurance can help.
Fidelity’s Vantage Recovery Short-Term Nursing Insurance helps people recover from injuries or illnesses at home. Many people who need knee replacement surgery are between 50 and 80 years old, and most insurance plans.
Lump Sum Cancer Insurance
Cancer insurance is a special type of insurance that helps cover the costs related to cancer diagnosis and treatment. It is not meant to replace your regular health insurance, but it works alongside it to provide extra financial support. If you are diagnosed with cancer, this insurance helps pay for things that other insurance may not cover, such as extra medical costs, lost wages, and other expenses.
Lump-sum cancer insurance gives you a one-time cash payment when you’re diagnosed with cancer. This money helps pay for medical costs that your regular health insurance doesn’t cover. If you have a lump-sum cancer insurance policy, you can use the money you receive however you want. It’s there to help you with the extra costs that come with cancer treatment. Let’s look at some of the common ways people use their lump-sum cancer insurance benefits to manage the challenges of a cancer diagnosis.
You can use the lump-sum payment to cover doctor visits, treatments like chemotherapy, hospital stays, surgeries, and tests. It can also help with everyday costs like childcare, travel to medical appointments, staying somewhere for treatment, lost income from missing work, and other unexpected expenses.
Always review your insurance policy to understand how you can use your benefit and ensure it’s there for you when you need it most.
This appointment is meant to alleviate any concerns and there is no-cost or obligation to make a change.
Hospital Indemnity Insurance
Hospital Indemnity Insurance is a type of supplemental insurance that helps cover out-of-pocket expenses when you need to stay in the hospital. This insurance can help with costs such as hospital bills, emergency room visits, and ambulance rides that your regular health insurance may not fully cover.
While Hospital Indemnity Insurance doesn’t replace your regular health insurance, it helps pay for extra costs when you need to go to the hospital. For example, a hospital stay can cost over $10,000 per day, and this insurance can help cover some of that cost, reducing the financial burden on you and your family.
If you’re not sure what to look for in a hospital insurance plan, Bankers Fidelity’s Vantage Flex Plus policy can help. It’s a flexible plan that covers extra hospital costs from illness or injury, so you don’t have to worry about medical bills and can focus on getting better.
Final Expense Life Insurance
Final expense insurance is a type of life insurance that helps cover the costs associated with end-of-life expenses. These expenses can include medical bills, credit card debt, funeral costs, and even burial or cremation fees. This insurance is specifically designed to ease the financial burden on your loved ones when the time comes. Unlike burial insurance, which is paid directly to the funeral home, final expense insurance provides benefits to someone you trust. They can then use the funds to handle these expenses.
Final expense insurance helps you plan ahead for your passing, ensuring that your loved ones won’t have to deal with the added stress of paying for your end-of-life costs. The financial burden of funeral expenses, unpaid bills, and other costs can be overwhelming. With final expense insurance, you can provide peace of mind for both you and your family, knowing that some of these expenses will be covered.
Bankers Fidelity’s Vantage Secure life insurance helps your family pay for things like medical bills, credit card debts, funeral costs, and other expenses after you’re gone. This insurance gives your loved ones financial support and peace of mind during a tough time.
BFLIC Underwriting
Underwriting is the process insurance companies use to decide if they can approve your application for coverage. They review your health, medical history, and prescriptions to determine your eligibility and premium costs.
For Medicare Supplement plans, underwriting may include:
- Phone interviews to confirm health details
- Medical record checks from your doctor
- Prescription drug history review
- Medical claims data review
💡 Tip: If you apply during Open Enrollment (when you turn 65 and enroll in Medicare Part B), you won’t have to go through underwriting or answer health questions!
Who Are the 3 Underwriting Companies?
- Bankers Fidelity Life Insurance Company® (BFLIC)
- Bankers Fidelity Assurance Company® (BFAC)
- Atlantic Capital Life Assurance Company™ (Also known as Bankers Fidelity)
What Is Their Underwriting Philosophy?
Bankers Fidelity wants to make the process easy for agents and customers. Their team works closely with agents to help them sell insurance while managing risks. They focus on great customer service and building a strong company that people can trust for years to come.
Find the Right Coverage with Bankers Fidelity
Choosing the right insurance plan is important for protecting your health and finances. Bankers Fidelity Life Insurance Company (BFLIC) has been helping seniors for over 60 years with reliable Medicare Supplement, short-term care, hospital indemnity, and final expense insurance. Their strong reputation and commitment to customer service make them a trusted choice for coverage.
We are here to help you find the best plan for your needs. Our agents provide personal service, and you can count on us even after your policy is in place. Call us today at 1-888-559-0103 to discuss your options and get the coverage you deserve!
