Forethought Life Insurance Company is offering affordable Medicare supplement coverage in several states across the U.S. Forethought is well known for their diverse annuity and life portfolio, but they also offer supplemental Medicare policies through independent agencies like ours.
It is not uncommon to see insurance companies enter the Medicares supplement marketplace after developing a strong track record in other areas first. Forethought Life carries an A- rating by A.M. Best which translates to an “excellent” rating and they have been offering insurance and financial products since 1985.
They offer supplemental insurance plans A, C, F, G, and N in several states and are very well priced in most areas of Ohio as well as other areas of the country. (Plan G may be their most popular supplement.)
There are no network restrictions with their insurance coverage and no referrals are needed to use a certain doctor or hospital. In this way, they work like all other supplemental insurance plans offered by every other Medigap insurance carrier.
Underwriting will only be needed for those who are not in a period of guarantee issue or open enrollment. If underwriting is required, it simply consists of answering a few health related questions on the application and a short phone interview. Consumers need not worry about taking a physical with their primary physician to be accepted for coverage.
One unique attribute with their applications is that final expense life insurance can be added should consumers want or need that financial protection. Forethought’s premiums are very competitive in the final expense marketplace and can help senior consumers with two needed products at one time. Of course, there is no obligation whatsoever for those who do not wish to obtain any life coverage.
Forethought Life Insurance Company is a subsidiary of the larger Forethought Financial Group and has offices in Indiana and Texas. Through their subsidiaries, they engage in banking, trust and insurance services. They are best known in the industry for their funeral trusts and long term care annuities, but they are now becoming very popular for their affordable supplements plans as well.
If you are new to Medicare or simply shopping around for better rates on your existing coverage, then Forethought should be on your list of companies to research.
It is best to speak with an independent agent who represents several companies in order to compare and contrast claims service, rating and renewal history.
We are an independent agency offering coverage from several reputable carriers. Contact us today to learn more about your Medicare insurance options.
Category: Medicare Supplements