Bankers Fidelity Life Insurance Company has been providing seniors with the extra insurance products they need for over 50 years. This type of Medicare supplement product is available for people over the age of 65 who are already qualified to receive Medicare benefits. It is commonly called a Medi-gap product, meaning, it is purchased and used to pay for additional health services an individual may require that Medicare does not cover.
The premium rates for Bankers Fidelity Life Insurance are based on the age you are when you purchase the policy. Some insurance products attempt to inflate pricing by using your “attained age” to calculate premium payments, and, as you age premium amounts increase. Bankers Fidelity Life Insurance sets your premiums based the age you are when you purchase a policy. You don't have to worry about your premium going up; you are responsible for paying the same premium rate for the life of the policy. For older individuals who have a fixed income, this is of great advantage.
Another advantage that Bankers Fidelity Life Insurance offers the consumer is that of no pre-existing waiting periods. Medicare Supplement policies have to cover health conditions that were pre-existing. But insurers often force a consumer to wait for a period of time, typically six months, before they will pay for the charges associated with a pre-existing condition such as coronary disease or diabetes. With Bankers Fidelity Life Insurance, there is no waiting period. Once enrolled, and pay your premium and deductible, from the first day your policy is in effect you have immediate coverage. For someone who requires fairly immediate medical care, this advantage could be huge in its implications. Also, so long as your premiums are paid on time, Bankers Fidelity Life Insurance can not cancel your policy.
Members have the choice to select the physician they want, and lowered rates are available if you qualify by living a healthy lifestyle. Bankers Fidelity Life Insurance also offers special short-term coverage for convalescent care. By using this product, an individual can avoid the high premiums associated with long term care products. It will cover the majority of the costs associated with a brief stay in a nursing home. It covers all levels of care, and does not require hospitalization prior to entering a nursing facility in order to be eligible.
For someone suffering a temporary lapse in health, Bankers Fidelity Life Insurance products are an excellent way to make sure you get the care you need, while protecting your assets from serious loss. It provides the time needed to make other critical financial arrangements for your future, and it also offers very flexible benefit amounts. Benefits are available when your physician determines that a convalescent stay is medically necessary and you are also unable to perform basic acts of daily living.
Bankers Fidelity Life Insurance provides the financial resources you need to get through a temporary downturn in health. Prescription drugs are available at discount prices, and full benefits are paid for Alzheimer's, dementia, and Parkinson's disease. While some insurance products may try to take advantage of a senior's health condition, Bankers Fidelity Life Insurance offers fair and valuable products.
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