Tier One Life Insurance Company Review

Pros and Cons :

  • Household Discount
  • Aetna Life Administered

  • New to Medicare Market

Overall Rating: 4.3/5
4.3/5
Rating Stability: 3.75/5
3.75/5
Financial Stability: 5/5
5/5
Coverage Area: 4/5
4/5
Competitive Rates: 4.5/5
4.5/5

Our Take

Aflac has positioned itself well by utilizing Aetna Life to administer their Medicare supplement plans. They have low prices, but not a history of rate stability to build a long enough reputation.

Discover unparalleled protection for you and your loved ones with Tier One Insurance Company, a trusted subsidiary of Aflac Incorporated. Our comprehensive suite of innovative products is meticulously crafted to safeguard individuals and families against life's uncertainties. Explore our diverse range of offerings tailored to meet your unique needs and secure a brighter, worry-free future today.

Tier One Insurance Company is a subsidiary of Aflac Incorporated that provides a range of new products designed to protect individuals and their families. These products offer supplemental coverage options to those who are unable to access Aflac products through their workplace. With Tier One Insurance Company, individuals can rest assured that they have the coverage they need, when and where they need it most.

 

Tier One Life Insurance Company Review

 

Discover the Powerful Partnership: Tier One, Aflac, and Aetna – Protecting You and Your Family When You Need It Most

Tier One Life Insurance Company recently launched two new products aimed at consumers: Aflac Final Expense Whole Life Insurance and Aflac Medicare Supplement Insurance. These products are part of a comprehensive range of supplemental coverage options underwritten by Tier One Insurance Company, a subsidiary of Aflac Incorporated. They are particularly useful for those who are not able to obtain Aflac products through their workplace.

Additionally, the policy is administered by Aetna Life Insurance Company. This partnership between two reputable insurance companies helps to ensure that policyholders receive comprehensive and reliable coverage for their final expenses

The company is known for its commitment to providing high-quality care, improving health outcomes, and reducing costs for patients and providers alike. Aetna has a vast network of health care providers, which allows it to offer a broad range of insurance products and services that meet the diverse needs of its customers. Moreover, Aetna is affiliated with several companies and organizations that share its commitment to improving the health and well-being of individuals and communities. These companies includes:

  • American Continental Insurance Company
  • Continental Life Insurance Company of Brentwood Tennessee
  • Coventry Health and Life Insurance Company 
  • First Health Life and Health Insurance Company
  • SilverScript Insurance Company

 

Overall, Aetna is a great company that has earned its reputation for excellence in the healthcare industry. Its commitment to providing high-quality care, improving health outcomes, and reducing costs is what sets it apart from other health care companies.

As of March 13, 2024, A.M. Best Company has given the highest rating of ‘A’ (Excellent) to all the companies mentioned above. It is worth noting that ‘A’ (Excellent) is the third-highest rating from the sixteen ratings given by A.M. Best Company.

 

What Does It Offer?

Aflac Final Expense Whole Life Insurance

Aflac’s Final Expense Whole Life Insurance is a policy that can help individuals protect their loved ones’ financial security by addressing end-of-life expenses not covered under Medicare and other programs. It also encourages families to have conversations about final expenses, which can be uncomfortable. 

The average out-of-pocket medical expenses during one’s last year of life can be expensive, and in addition to these costs, there are often significant expenses involved with settling a loved one’s estate, including funeral costs. 

Aflac’s Final Expense Whole Life Insurance is available in two options, the Level Plan and the Modified Plan, and both have a guaranteed level premium and death benefit paid to the beneficiary while the policy is active. The plans are available for individuals who are between the ages of 45 and 80, and benefit amounts range from $2,000 to $50,000, depending on the plan chosen. The Level Plan also offers accelerated and accidental death benefit riders, as well as a children’s term insurance rider.

 

Aflac Medicare Supplement Insurance

Medicare provides coverage for various health-related expenses, but it does not cover all expenses like copayments, coinsurance, and deductibles. To help people manage their expenses during retirement, Aflac has introduced Medicare Supplement Insurance policies. These policies aim to fill in the gaps of coverage left by Medicare. 

Aflac’s Medicare Supplement plans A, F, G, and N provide consumers with the freedom to choose any provider that accepts Medicare at a convenient location that best suits their needs. They do not require precertification or pre-authorization. The plan benefits remain the same year after year and are portable. This means that if policyholders move or travel, their coverage will go with them. 

To better serve the non-workplace individual market, Aflac’s Final Expense Whole Life Insurance and Medicare Supplement Insurance join other offerings, including Accident, Cancer, and Critical Illness products that launched last year.

It is important to note that Aflac’s Medicare Supplement Insurance plans A, F, G, and N will not be available in AK, CT, DC, HI, MA, ME, MN, NY, and WA.

 

Medicare Supplement  Plan Premium Average Cost Monthly

Rates can vary based on where you live. We have provided illustrative rates, and you might find your location cheaper or more expensive.

 

  • The below rates were generated from ZIP code 93505 in CALIFORNIA CITY, CA, for females aged 65. Rates vary based on ZIP Code, Gender, Age, and, in some areas, Health.

 

PLAN

FEMALE

Plan F

$207.27

Plan G

$169.87

Plan N

$133.14

Plan A

$143.09

 

  • The below rates were generated from ZIP code 77539 in DICKINSON, TX, for females aged 65. Rates vary based on ZIP Code, Gender, Age, and, in some areas, Health.

 

PLAN

FEMALE

Plan F

$211

Plan G

$164.76

Plan N

$176.34

Plan A

$186.01

 

In Summary

In conclusion, Tier One Insurance Company, affiliated with Aflac Incorporated, offers essential supplemental coverage options like Aflac Final Expense Whole Life Insurance and Aflac Medicare Supplement Insurance. This partnership, along with Aetna Life Insurance Company, ensures comprehensive coverage, emphasizing quality care, improved health outcomes, and cost reduction. The outstanding ratings from A.M. Best Company further attest to the reliability of these companies in delivering vital insurance solutions.

Learn more about the Medicare Supplement Insurance Plans by connecting directly with one of our trusted agents.

Prefer to chat by phone? Give us a call at 1-888-559-0103.