The Individual Assurance Company creates personalized insurance plans with standard coverages and additional features that suit the needs of qualifying employers, associations and organizations, explains the firm. The insurance company also features the supplemental health insurance policy called Medigap for Original Medicare beneficiaries.
IAC's Group Term Life Insurance plan offers financial protection when the main income provider in a beneficiary's family dies unexpectedly, according to the company. Beneficiaries are able to manage financial obligations and continue a comfortable lifestyle after suffering the loss of a family member. The Group Term Life Insurance does not impose administrative responsibility on the group sponsor. IAC works with employers to choose the right plan for their employees on the basis of salary multiples or fixed coverage amounts.
Through Medigap, IAC seeks to help Original Medicare beneficiaries pay for additional medical costs, including a portion of the costs of eligible health care services, co-pays and deductibles, states the company. Medigap serves as a supplemental health insurance policy only to Original Medicare.
Because Medigap is not available in all states, interested customers who want to purchase the policy should contact a Medigap insurance agent to discuss the availability, features and cost of the insurance plan in their particular states, advises IAC. Customers may call IAC to find a nearby agent. Employers who are interested in Group Term Life Insurance may send an email.