BFLIC Rate and Policy Fee Changes in Arizona

//BFLIC Rate and Policy Fee Changes in Arizona

Effective August 11, 2017, rate increases will apply to Plans F, G, and K for the current series of B 21092 Preferred & Standard Medicare Supplement products with Bankers Fidelity Life Insurance Company® in Arizona. Please refer to the chart below that lists the plans under BFLIC and their percentage increase.

Plan Rate Increase
A 0%
F 6%
F2 0%
G 6%
K 6%

*Rate increases apply to policies written under Bankers Fidelity Life Insurance Company only. Policies with Bankers Fidelity Assurance Company™ are not affected.

Updated outlines of coverage with rates will be available for download and ordering on ADDS® beginning August 11th. For immediate resources, click below to download the updated materials and to read the bulletin in its entirety.

A one-time, non-commissionable Policy Fee of $25 will be required to be included with the initial Premium on all applications written on or after 8/11/2017.

Policyholders will be notified by the Home Office within the state-mandated time frame.

Bankers Fidelity Life Insurance Company® is rated A- (Excellent) by A. M. Best Company.

FOR AGENT USE ONLY

By | 2017-07-19T17:35:56+00:00 July 19th, 2017|Carrier Rate Increases|0 Comments

About the Author:

Jesse Smedley is the Founder and CEO of Smedley Insurance Group, Inc. He is a licensed health and life insurance broker in all 50 states and the District of Columbia and is the designated responsible broker for Smedley Insurance Group, Inc. Jesse specializes in Medicare and health insurance benefits packages for businesses and their employees and supports hundreds of insurance agents around the country. He founded Smedley Insurance Group after working for a small captive insurance agency in 2006 where he was required to sell terrible health insurance plans to consumers because it was all the company had to offer. He knew there had to be a better way and thus, SIG was born. Jesse can be reached toll free at (866) 260-9829, Ext. 101. His email address is: his first name at iHealthBrokers.com.

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