AmeriLife Group, LLC and The American Home Life Insurance Company announced today they have teamed up to launch a groundbreaking Medicare Supplement and Final Expense combo product.
Clearwater, Fla.-based AmeriLife, a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, developed the new combo product in partnership with AHL and designed to deliver two great products together to better address customers’ holistic needs.
“We are extremely excited to partner with AmeriLife to offer highly competitive Medicare Supplement and Final Expense products intentionally designed to facilitate combination sales,” said Tom Lobell, executive vice president and chief marketing officer of AHL. “Between our one-of-a-kind e-app technology, which enables both applications to be completed simultaneously from a single enrollment, and the extensive cost savings clients can access by bundling products, combination sales will never be easier.”
For customers, AHL’s Medicare Supplement and Patriot Series final expense products work in tandem to deliver the freedom provided by traditional Medicare along with the peace of mind in knowing their loved ones will not have to bear the burden of their funeral costs. In addition to highly competitive rates, The Patriot Series features a simple, electronic application process, instant underwriting, and seamless premium payments via direct billing through Social Security.
For agents, the companies say the combination is game-changing. Once clients have qualified for the Medicare Supplement plan, they’re a few questions away—with no phone call required—from being accepted for their discounted, super-preferred Patriot Series final expense policy. And with a discount of up to 20% when combined with the Medicare Supplement plan, the companies say agents will help save clients money year after year and improve client retention.
“This new solution is the rewarding combination agents and clients have been waiting for,” said David Paul, national sales director for Simplified Issue Life at AmeriLife. “With a front-loaded commission structure alongside generous bonuses, agents don’t have to let their marketing costs be a roadblock to success—especially while agents learn a new product to better cover their clients’ holistic needs.”
“It’s rare that you see a solution with more benefits and less complexity, but this unique combination achieves exactly that,” added Greg Etchison, vice president of Medicare Supplement and Specialty Health for AmeriLife. “It’s a solution made with customers in mind—the way insurance was intended to be—and we’re excited with its potential to help grow our agents’ businesses.”
“Final expense is continuing to have its moment—and for good reason—as individuals reassess their needs, and those of their loved ones, for their final days,” said Pat Fleming, executive vice president, Product Innovation & Corporate Actuary at AmeriLife. “By combining final expense and Medicare Supplement products under one, simple solution, AmeriLife and AHL are bringing to market a holistic solution that is in line with our unique approach to addressing clients’ total health and financial wellbeing.”
For more information, including details on coverage amounts and other benefits, visit ahlpatriotseries.com.