If you are looking for a reliable and reputable insurance company that offers a variety of products and services, you might want to consider Loyal American Life Insurance Company.
Loyal American is a subsidiary of Cigna Corporation, one of the largest health service organizations in the world.
In this article, we will provide you with all the information you need to know about Loyal American Life Insurance Company, including its history, financial strength, products, policyholders, claims, and customer reviews.
About Loyal American Life Insurance Company
The company specializes in supplemental health and life insurance products for individuals and groups.
The company has a strong reputation for providing quality service and customer satisfaction.
Contacts of Loyal American Life Insurance Company
If you want to contact Loyal American Life Insurance Company, you can use the following information:
- Administrative Office: 11200 Lakeline Blvd., Suite 100, Austin, TX 78717
- Phone: 1-800-633-6752
- Fax: 1-866-459-4272
- Email: CSBService@Cigna.com
- Website: www.CignaSupplementalBenefits.com
How to Join Loyal American Life Insurance Company?
If you are interested in joining Loyal American Life Insurance Company as a policyholder or an agent, you can visit their website and fill out an online application form.
You will need to provide some personal and health information, as well as choose the plan that suits your needs and budget.
Partners and Collaborators of Loyal American Life Insurance Company
Some of these affiliates and partners are:
- American Retirement Life Insurance Company
- Central Reserve Life Insurance Company
- Cigna Health and Life Insurance Company
- Continental General Insurance Company
- Provident American Life & Health Insurance Company
Financial details of Loyal American Life Insurance Company
The Cigna Group Corporation has a strong financial position and performance.
The company also has a financial size category of XV, which means it has assets greater than or equal to $2 billion.
- total assets as of December 31, 2020, were $4.6 billion,
- total liabilities were $3.9 billion.
The company’s net income for the year 2020 was $63.7 million.
What are the Services and products of Loyal American Life Insurance Company?
Medicare Supplement (Medigap) Insurance Policies
These are plans that help pay some out-of-pocket costs that Original Medicare does not cover, such as
Loyal American offers several Medigap plans, such as:
- Plan A
- Plan F
- Plan G
- Plan N
- High Deductible Plan F and G.
Accident Expense Insurance
You can use the benefit for any expenses related to the accident, such as ambulance fees, surgery costs, or lost wages.
Lump Sum Heart Attack and Stroke Insurance
This is a plan that pays a lump sum benefit if you are diagnosed with a heart attack or stroke.
You can use the benefit for any expenses related to the condition, such as:
- medical bills
- rehabilitation costs
- home modifications
Lump Sum Cancer Insurance
You can use the benefit for any expenses related to the disease, such as:
- radiation therapy
- alternative treatments
Cancer Treatment Insurance
This is a plan that pays a benefit for each day you receive cancer treatment at a hospital or facility.
You can use the benefit for any expenses related to the treatment, such as:
- travel costs
- lodging expenses
- childcare fees
Whole Life Insurance
You can also borrow against the cash value or surrender the policy for its cash value.
Policyholders of Loyal American Life Insurance Company
The Cigna Group Corporation has a large and diverse customer base.
Furthermore, the company boasts an impressive policy renewal rate, with the majority of its customers opting to extend their policies each year.
This is a testament to the company’s dedication to delivering exceptional service and assistance to its policyholders. Among the advantages and attributes it provides are.
- No networks: You can choose any doctor or hospital that accepts Medicare, no referrals are required in most cases.
- Freedom to travel: You are covered anywhere in the U.S. and, with some plans, for medical emergencies abroad.
- Guaranteed renewable for life: Your policy cannot be canceled as long as you pay your premiums on time and do not make any material misrepresentations on your application.
- Online access: You can access your policy information, view your claims history, make payments, and request forms online.
How does Loyal American Life Insurance Company handle claims?
The Cigna Group Corporation makes it easy and convenient for its customers to file and track their claims.
Submitting your claims is convenient and hassle-free with multiple options available.
Whether you prefer online, mail, fax, or phone submissions, the process is straightforward.
All you need to provide are essential details, including:
- your policy number
- personal information
- any relevant medical records or bills.
Rest assured, your claims will be processed efficiently, typically within 10 business days, and you’ll receive prompt confirmation via email or a confirmation letter.
To stay updated on your claim’s progress, simply check its status online or reach out to the dedicated customer service team via the provided phone number.
What Do Customers Say About Loyal American Life Insurance Company
The Cigna Group Corporation has received mostly positive feedback from its customers.
The company also has a 4.6 out of 5 stars rating from Trustpilot, which is based on over 1,000 reviews from verified customers.
Some of the common praises that customers have for the company are:
- Affordable and competitive rates
- Responsive and helpful customer service
- Easy and fast claims process
- Comprehensive and flexible coverage options
Some of the common complaints that customers have for the company are:
- Delayed or denied claims
- Difficulty in reaching a live representative
- Lack of communication or transparency
- Increase in premiums
The Cigna Group Corporation is a reputable and reliable insurance company that offers a variety of products and services for its customers.
The company has a strong financial position and performance, as well as a high customer satisfaction rate.
The company also has a wide network of affiliates and partners that enhance its offerings and reach.
If you are looking for an insurance company that can provide you with quality service and coverage, you might want to consider The Cigna Group Corporation.
Table of Facts about Loyal American Life Insurance Company
|1955 in Alabama
|Products and Services
|Supplemental health and life insurance products for individuals and groups
|49 states and the District of Columbia
|AM Best Rating
|Financial Size Category
|XV (assets greater than or equal to $2 billion)
|Total Assets (2020)
|Total Liabilities (2020)
|Net Income (2020)
|Over 1.2 million
|Claims Paid Annually
|Over $1.4 billion
|4.6 out of 5 stars
- In-depth Knowledge: Knight boasts extensive expertise in various insurance domains, making him a go-to authority on InsuranceBlob.com.
- Renowned Expertise: Renowned for his systematic research, clear writing, and practical advice, Knight consistently delivers valuable insights tailored to your insurance needs.
- Solid Foundation: With a bachelor’s degree in political science and sociology, Knight brings a unique perspective and wealth of experience to his insurance writing.
- Real-World Insights: Knight’s diverse academic background and real-world understanding ensure the platform remains a reliable source for insightful and practical information.
Why choose Knight?
- Impartiality and Accuracy: Knight delivers unbiased and comprehensive information on various insurance products, helping you make informed decisions.
- Tailored Content: Whether you’re a seasoned insurance professional or starting your journey, Knight’s content caters to your specific needs and knowledge level.
- Valuable Insights: Gain valuable insights that empower you to navigate the complex world of insurance with confidence.