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Bankers Fidelity Rate Decrease in Virginia

Bankers Fidelity

Bankers Fidelity Rate DECREASE for High Deductible Plan F in Virginia 

Effective April 5, 2021, a 15% rate decrease for Medicare Supplement Plan High Deductible F is occurring for the current B 21092 series Preferred & Standard Medicare Supplement product and the closed B 9200 series Preferred & Standard product in Virginia BFLIC. Current policyholders will be notified of this premium change within the state mandated timeframe.

The updated outlines of coverage will be available in the ADDS® library on April 5, 2021.

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Bankers Fidelity Rate Revision for Pennsylvania

Effective March 20, 2021, a rate revision will apply to Plans A, B, F, G and N for the B 21092 Preferred and Standard Medicare Supplement products with Bankers Fidelity Life Insurance Company® in Pennsylvania. Please refer to the chart below:

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F – 8% Increase
  • Plan G – 12% Increase
  • Plan N – 8% Increase

The updated outlines of coverage will be available in the ADDS® library on March 20, 2021.

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Double Credit on Cancer and STC Policies in March 2021

The qualification period for Bankers Fidelity’s Colorado Springs, CO trip is almost halfway through. Have you reached your credit goal? If not, Bankers Fidelity is excited to announce that all Vantage Care™ – Lump Sum Cancer and Vantage Recovery® – Short-Term Care business submitted in the month of March* will receive double credit. Business on other ancillary products, including Final Expense and HIP will remain credited at 100%. Bankers Fidelity will invite the top sellers from each category to experience the adventures of Colorado.

All production must be submitted from January 1 – May 31, 2021 and issued from January 1 – June 5, 2021 in order to be given credit. For full details, please download the flyer below or visit the ADDS® Library.

Bankers Fidelity Rate Revision for Pennsylvania

Effective March 1, 2021, a rate revision will apply to Plans F and N for the B 21492 Preferred and Standard Medicare Supplement products with Bankers Fidelity Assurance Company® in Pennsylvania. Please refer to the details below:

  • Plan F – 9% Increase
  • Plan N – 6% Increase

The updated outlines of coverage will be available in the ADDS® library on March 1, 2021.

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Bankers Fidelity Now Offering Plan HDG and N in Indiana

Bankers Fidelity Assurance Company® is pleased to announce the immediate sales release of Medicare Supplement Plans High Deductible G and N for individuals 65+ in Indiana. The forms have been updated and are now available for download and online ordering in the ADDS Library®. The eApp has also been updated to include the new plans.

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Bankers Fidelity Rate Revision for Colorado and Virginia

Effective February 1, 2021, a rate revision will apply to Plans A, F, G and K for the B 21092 Preferred and Standard Medicare Supplement products with Bankers Fidelity Life Insurance Company® in Colorado. 

  • Plan A – 12% Increase
  • Plan F – 12% Increase
  • Plan HiF – 0% Increase
  • Plan G – 12% Increase
  • Plan K – 9% Increase

Effective February 1, 2021, a rate revision will apply to Plans A, F and G for the B 21092 Preferred and Standard Medicare Supplement products with Bankers Fidelity Life Insurance Company® in Virginia.

  • Plan A – 15% Increase
  • Plan F – 15% Increase
  • Plan HiF – 0% Increase
  • Plan G – 15% Increase
  • Plan K – 0% Increase

The updated outlines of coverage will be available in the ADDS® library on February 1, 2021.

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Vantage Care – Lump Sum Cancer Plan Now Available in CO, DC, & PA

Bankers Fidelity Life Insurance Company is pleased to announce the immediate sales release of their Vantage Care™ – Lump Sum Cancer Insurance product in Colorado, District of Columbia and Pennsylvania. All forms and tools are available in the ADDS® Library for download and via online ordering.

The eApp is also available for this product.

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Bankers Fidelity Assurance Company Medicare Supplement Release in Colorado

Bankers Fidelity is pleased to announce the immediate sales release of Bankers Fidelity Assurance Company® Medicare Supplement Plans A, F, G, High Deductible G, K and N in Colorado.

A few important items to note:

  • A Household Discount Rider of 9% is available for qualified individuals
  • A one-time, non-commissionable policy fee of $25 is required with initial premium
  • Forms are available in the ADDS® Library and via online ordering
  • The eApp has been updated to include this product
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Virginia BFLIC Now Offering Medicare Supplement U65 Plan A

Effective January 1, 2021, Medicare Supplement Plan A will be available for Under Age 65/Disabled applicants in the state of Virginia. The U65 plan will be available to open enrollment/guaranteed issue applicants.

The six-month period to enroll in a Medicare Supplement policy or certificate for an individual who is under 65 years of age and is eligible for Medicare by reason of disability and otherwise eligible under subsection A and first enrolled in Medicare Part B before January 1, 2021, shall begin on January 1, 2021.

The Outline of Coverage and Application will be available in the ADDS Library on December 31, 2020.

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Marketing Withdrawal of BFLIC Med Supp in Arizona

Effective January 3, 2021, Bankers Fidelity Life Insurance Company® is ceasing the marketing and sale of BFLIC Medicare Supplement plans in the state of Arizona. Applications currently in house and dated prior to January 3, 2021 will be processed. Any application dated on or after January 3, 2021 will be returned.

Bankers Fidelity’s remaining product portfolio will continue to be available for ongoing marketing and sales. This includes Medicare Supplement through their subsidiary Bankers Fidelity Assurance Company®.

Bankers Fidelity will continue to study market conditions which may influence any decision to re-enter the BFLIC Medicare Supplement marketplace in the state of Arizona in the future.

For questions or more information, please contact the Agent Support Team at 1-866-458-7503 or by email at agentsupport@bflic.com

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Rate Revision for Delaware

Effective January 1, 2021, a rate revision will apply to Plans A, F, G and K for the B 21092 Preferred and Standard Medicare Supplement products with Bankers Fidelity Life Insurance Company® in Delaware. Please refer to the list below:

Delaware

  • Plan A – 15% Increase
  • Plan F – 15% Increase
  • Plan G – 15% Increase
  • Plan K – 9% Increase

The outline of coverage for Delaware BFLIC has been updated with the new rates and will be available in the ADDS® library on January 1, 2021.

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Withdrawal of BFLIC Medicare Supplement in North Carolina

Effective immediately, Bankers Fidelity Life Insurance Company® is ceasing the marketing and sale of all BFLIC Medicare Supplement plans in the state of North Carolina. Applications currently in house and dated prior to December 1, 2020 will be processed. Any application dated on or after December 1, 2020 will be returned.
Bankers Fidelity’s remaining product portfolio will continue to be available for ongoing marketing and sales. This includes Medicare Supplement through our subsidiary Bankers Fidelity Assurance Company®.

Bankers Fidelity will continue to study market conditions which may influence any decision to re-enter the BFLIC Medicare Supplement marketplace in the state of North Carolina in the future.

For questions or more information, please contact the Agent Support Team at 1-866-458-7503 or by email at agentsupport@bflic.com.

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Vantage Care Available In Idaho

Bankers Fidelity Life Insurance Company is pleased to announce the immediate sales release of their Vantage Care™ – Lump Sum Cancer Insurance product in Idaho. All forms and tools are available in the ADDS® Library for download and via online ordering. The eApp is also available for this product

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BFAC Medicare Supplement Product Released in Arizona

Bankers Fidelity Assurance Company® Medicare Supplement Plans A, F, G, High Deductible G, K and N are now available in Arizona.

A few important items to note:

  • A Household Discount Rider of 9% is available for qualified individuals
  • A one-time, non-commissionable policy fee of $25 is required with initial premium
  • The Early Enrollment Discount Rider is available for applicants through age 76
  • Forms are available in the ADDS® Library and via online ordering
  • The eApplication has been updated to include this product

 

For any questions, please reach out to Bankers Fidelity’s Agent Support team at 866-458-7503 or agentsupport@bflic.com.

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