Life insurance is a crucial component in the world of financial security. Bankers Fidelity Life Insurance Company is one such entity that has been offering reliable life insurance services for decades. In this article, we will delve into the various aspects of this company.
A Brief History
Bankers Fidelity Life Insurance Company, founded in 1955, has a rich history of serving the insurance needs of countless individuals and families. With a commitment to providing peace of mind and financial security, the company has evolved and adapted to changing times, ensuring that its policyholders are well-protected.
Contact Details
For those seeking to get in touch with Bankers Fidelity Life Insurance Company, you can reach them at the following contact details:
| Department | Address | Phone Number |
|---|---|---|
| Headquarters | 4370 Peachtree Road NE, Atlanta, Georgia 30319 | (800) 331-6757 |
| Policyholder Services | (866) 458-7500 | |
| Claims | (866) 458-7499 | |
| Agents | (866) 458-7503 | |
| Underwriting | (866) 458-7501 | |
| Marketing | (866) 458-7505 |
Services and Products
Bankers Fidelity Life Insurance Company offers a wide range of insurance products to meet the diverse needs of its customers. These include:
1. Life Insurance Policies
- Term life insurance
- Whole life insurance
- Universal life insurance
2. Annuities
- Fixed annuities
- Variable annuities
3. Medicare Supplements
4. Final Expense Plans
The company’s diverse product portfolio ensures that individuals can find the right coverage to suit their specific requirements.
Premium Costs
The cost of insurance premiums is a critical consideration for anyone looking to invest in life insurance. Bankers Fidelity Life Insurance Company provides competitive premium rates, tailored to your chosen policy type, coverage amount, and personal factors.
Payment Options
To make life easier for policyholders, the company offers flexible payment options. You can choose between:
- Monthly Payments: Pay your premiums on a monthly basis.
- Annual Payments: Opt for an annual premium payment plan for added convenience.
Discounts and Promotional Offers
Bankers Fidelity Life Insurance Company understands the importance of affordability. They often run promotional offers and discounts to make life insurance even more accessible. Keep an eye out for these special deals to maximize your savings.
Process of Filing Claims
In the unfortunate event of a claim, the company ensures a straightforward and hassle-free process. To file a claim, follow these steps:
- Contact Bankers Fidelity: Reach out to them by calling (866) 458-7499 or emailing [email protected]
- Share policy info: Provide your policy number and the policyholder’s name.
- Fill out a claim form: Bankers Fidelity will give you a form to complete. It asks for details about the policyholder, beneficiary, and the claim itself.
- Include necessary documents: Depending on your claim, you might need to provide documents like a death certificate, medical records, or police reports.
- Wait for the decision: Bankers Fidelity will review your claim and the supporting documents, then decide whether to approve or deny it.
- Receive your payment: If your claim gets approved, Bankers Fidelity will send you the claim payment.
Ratings:
Bankers Fidelity Life Insurance Company holds an A- (Excellent) financial strength rating from A.M. Best, a top global credit rating agency focused on insurance. A rating of A- means Bankers Fidelity is in a strong financial position to meet its policyholder obligations.
Additionally, Bankers Fidelity boasts an 87% customer satisfaction rating from J.D. Power, a global leader in customer satisfaction research. This score reflects high customer satisfaction with the company’s products and services.
Customer Reviews:
Customer opinions about Bankers Fidelity are mixed. Some clients have voiced concerns about slow claims processing and subpar customer service. On the other hand, some appreciate the company’s affordable rates and diverse product offerings.
In summary, Bankers Fidelity appears to be a dependable insurer with varying customer feedback. It’s wise to carefully review customer comments before deciding on an insurance policy from Bankers Fidelity.
Resolutions:
Bankers Fidelity operates a dedicated claims department, accessible via phone at (866) 458-7499 or email.
The company achieves a 90% resolution rate for all claims, meaning that 90% of claims submitted to Bankers Fidelity are resolved within 60 days.
Affiliations and Partnerships
Bankers Fidelity belongs to several organizations:
- American Council of Life Insurers (ACLI)
- Association of Life Insurance Medical Directors of America (ALIMDA)
- Health Insurance Association of America (HIAA)
- Life Insurance Council of New York (LICONY)
- National Association of Insurance Commissioners (NAIC)
- Society of Actuaries (SOA)
They are also partners with these organizations:
- American Cancer Society
- American Heart Association
- American Stroke Association
- National Center for Missing & Exploited Children
- National Council on Aging
- Susan G. Komen for the Cure
Bankers Fidelity is dedicated to helping the communities it serves. They give millions of dollars every year to charities and groups that aim to improve people’s lives.
Benefits of Joining Bankers Fidelity Life Insurance Company
Bankers Fidelity Life Insurance Company offers several key advantages:
- Financial Strength: Bankers Fidelity holds an excellent A- rating from AM Best, showcasing its financial stability and ability to meet policyholders’ needs.
- Variety of Products: Bankers Fidelity provides a wide range of life insurance products, from term and whole life insurance to universal life insurance and annuities. This means you can choose a plan that suits your needs and budget.
- Affordable Rates: Bankers Fidelity is known for its budget-friendly rates, making it an attractive option for value-conscious customers.
- Customer Service: The company is renowned for its excellent customer service. Experienced representatives are available to assist you with any inquiries.
- Community Support: Bankers Fidelity is committed to giving back. They donate millions of dollars annually to charities and organizations working to improve lives.
Here are more benefits of being part of Bankers Fidelity Life Insurance Company:
- Competitive Compensation and Benefits: Employees enjoy competitive compensation and comprehensive benefits, including health, dental, vision, life insurance, disability coverage, paid time off, and retirement plans.
- Career Growth: Bankers Fidelity prioritizes employee development, offering various training programs to enhance skills and advance careers.
- Supportive Workplace: The company fosters a positive work environment where employees feel valued and respected. Teamwork and collaboration are promoted.
- Making a Difference: Bankers Fidelity is dedicated to creating a positive impact, supporting charitable causes with substantial donations.
Frequently Asked Questions (FAQs)
1. How can I request a quote from Bankers Fidelity Life Insurance Company?
To request a quote, visit their official website and use the online quoting tool, or contact their customer service for personalized assistance.
2. Are there age restrictions for purchasing life insurance from Bankers Fidelity?
The eligibility criteria may vary by policy type, so it’s best to contact the company to determine the specific age requirements.
3. Can I change my policy or coverage amount after purchase?
Yes, you can make changes to your policy, subject to the terms and conditions outlined in your policy documents. Contact the company for details.
4. What is the claims processing time?
The time taken to process a claim can vary based on the nature of the claim. The company strives to process claims as quickly as possible.
5. Is Bankers Fidelity Life Insurance Company available nationwide?
Yes, the company offers its services and products to customers across the United States.
In conclusion, Bankers Fidelity Life Insurance Company is a reliable choice for those seeking comprehensive life insurance coverage.
With a rich history, diverse product offerings, and a commitment to customer satisfaction, this company has established itself as a trusted partner in safeguarding the financial future of countless individuals and families.
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