LifeShield and AmeriLife launch Medicare Supplement bundled product - Insurance News | InsuranceNewsNet

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April 4, 2023 Health/Employee Benefits News
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LifeShield and AmeriLife launch Medicare Supplement bundled product

By Press Release

OKLAHOMA CITY and CLEARWATER, Fla. | April 04, 2023 - LifeShield National Insurance Co. and AmeriLife Group announced today the launch of their exclusive Medicare Supplement insurance and Dental, Vision and Hearing (DVH) combination products designed to better meet clients’ financial and coverage needs, and provide greater opportunity and flexibility for sales agents.

“It’s rare when a great product idea meets an even better partnership. That’s exactly what’s happened as LifeShield and AmeriLife have combined forces to develop two products which complement one other in a seamless sales experience,” said David Brooks, president of LifeShield. “This collaboration delivers outstanding benefits at market leading rates, a great sales experience for both the agent and applicant, and personalized customer and agent support for AmeriLife’s industry-leading organization.”

With this new product combination, clients now have the option to address their total health and wellbeing all at once. When approved for one of LifeShield’s competitive Medicare Supplement plans with coverage and cost that best meets their needs, clients will automatically qualify for a multi-product discount on LifeShield’s DVH plans, services not often covered by Medicare, but crucial to ensuring quality of life as one ages.

For agents, this combination offers, among other benefits, competitive commissions paid daily and fully electronic quoting, contracting and same-day application processing, helping to accelerate underwriting and sales to get business issued fast – all backed by the financial strength and reliability of an AM Best-rated (B++) carrier.

“LifeShield and AmeriLife have a long history of bringing innovative products to market, and this product is yet another example of our teams’ combined effort to address consumer’s evolving health needs and preferences,” added Pat Fleming, AmeriLife’s executive vice president of Product Innovation and corporate actuary. “Our partnership with LifeShield continues to be a winner for both agents and their clients, and we’re confident this product combination will deliver tremendous value to both.”

The combination product is currently available in 19 states with more being added by June 1. For a complete list of states and additional product information, contact your AmeriLife-affiliated marketer or independent marketing organization (IMO), or visit LifeShieldCombo.com.

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