Medigap Plans by Great Southern Life Insurance Company
There are 5 different Medigap Plans offered by Great Southern Life Insurance Company available to residents in Colorado. This page outlines the Medicare Supplement insurance plans and benefits from Great Southern Life Insurance Company, as well as information to help you get an accurate quote.
*Under 65 -- If this plan is avaiable to people under the age of
*Community Rated Pricing -- The base premium is the same for everyone in the area, regardless of age.
*Issue Age -- The premium is based on your age at issue. And the premium will only increase with the carriers state-wide increase.
*Attained Age -- The carrier will price the policy based on your age at issue and the premium will increase over time with your age. This is the most common pricing method that carriers use.
Medigap Plan A
All insurance companies including Great Southern Life Insurance Company that sell Medicare Supplement Plans Medicare Supplement Plans must offer Plan A. This is the most basic policy covering your expenses for Medicare Part A (Hospital Coverage) and Part B (Medical Insurance) and hospice care that the government doesn’t pay in CO.
Medigap Plan F
Plan F is the most popular Medigap Plan in Colorado. Medicare supplement Plan F offers the most comprehensive coverage of any plans by Great Southern Life Insurance Company. It includes all the coverage of plan C with help paying your Plan B excess charges. Plan F with a high dedudictible you must pay for Medicare-covered costs (coinsurance, copayments, deductibles) up to the deductible amount of $2, in before your policy pays anything. There are No Co Pays, No Deductibles and No Out of Pocket Costs with Plan F. That means if your Medicare Part A or Part B pay a penny on any doctor or hospital charges, this policy will cover the gap.
Medigap Plan G
Medicare supplement Plan G covers your share of any medical benefit that Original Medicare covers, except for the outpatient deductible. Great Southern Life Insurance Company helps to pay for inpatient tarrant county district clerk civil case search costs, such as blood transfusions, skilled nursing, and hospice care.
Medigap Plan N
Plan N Medisupp Plan pays % of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in an inpatient admission. You will be responsible for all Part B deductible and excess charges with Plan N
* Plan K and L have a deductible. The out-of-pocket (OOP) limits walmart eye center mexico mo Medigap plans K & L are $5, and $2, respectively.
*Plan F is also offered as a high-deductible plan by some insurance companies. If you choose this option, you must pay for Medicare-covered costs (coinsurance, copayments, deductibles) up to the deductible amount of $2, in before your policy pays anything.
*Plan N pays % of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in an inpatient admission.
*Excess Charges - If you see a provider that doesn’t participate in Medicare, the provider can charge up to 15% more than the standard Medicare rate. You will have to pay it out-of-pocket unless you have a Medigap plan that includes benefits for Part B excess charges.
Starting January 1,Medigap plans sold to new people with Medicare won’t be allowed to cover the Part B deductible. Because of this, Plans C and F will no longer be available to people new to Medicare starting great southern life insurance January 1, If you already have either of these 2 plans (or the high deductible version of Plan F) or are covered by one of these plans before January 1,you’ll be able to keep your plan. If you were eligible for Medicare before January 1,but not yet enrolled, you may be able to buy one of these plans.
Western & Southern Life is not one of our top-rated life insurance companies. You can review our list of the best life insurance companies for what we think are better options.
- Multiple plan options: Western & Southern Life has nine different plans for term, whole, and universal life insurance.
- Transparent website: One of the most refreshing things about Western & Southern Life is the easy transparency and accessibility of its site. There are tons of articles and resources to help you understand how it can best fulfill your needs.
- Good ratings: Western & Southern Life manages to get good ratings from top industry experts like Standard & Poor’s and AM Best.
- Limited availability: The availability for Western & Southern Life products varies both by state and product, with consumers in states like New York, Alaska, and Maine without service.
- Separate entities: Western & Southern Life also offers products great southern life insurance Western-Southern Life Assurance Company and Western and Southern Life Insurance Company, making it a little confusing for customers when deciphering availability.
- Not the cheapest: With so many plans, riders, and options to choose from, plans can quickly get expensive.
Western & Southern Life offers three types of life insurance, whole, term, and universal life insurance, with a total of nine plans for you to choose from.
There are three different plans for whole life insurance with lifetime coverage, fixed premiums, and the opportunity to build cash value. You have the option to choose between level premiums, limited payment whole life, and single-premium life insurance.
Simple Choice Whole
Simple Choice Whole life insurance is available in three different plans based on your premium term.
- Simple Choice This plan requires paid premiums for 20 years.
- Simple Choice With this option, you pay premiums to age
- Simple Choice You can pay cheaper premiums with this plan through extended premiums paid to age
The longer your premiums, the cheaper they will be, but these extended plans will require a much longer commitment than Western & Southern Life’s shorter plans. These plans have fixed premiums with an accelerated death benefit and the option of guaranteed insurability riders. Plans may earn dividends to build cash value with potential for tax-deferred growth.
Superior Value Life®
This plan also features fixed premiums with an accelerated death benefit and guaranteed insurability riders but no dividends. You can choose between two plans.
- Superior Value Life 20 requires premiums payable for 20 years.
- Superior Value Life requires premiums until age for a longer, more extended plan.
The Legacy Master® plan gives the option of a single lump-sum premium or a series of fixed premiums. There are no dividends, although it does accumulate cash value that is income tax-deferred. Also, there is no accelerated death benefit or guaranteed insurability rider. However, this can be an easy way to quickly establish an estate.
With term life insurance at Western & Southern Life, you have the choice between a guaranteed level or renewable/convertible policy. Terms typically last 10, 15, 20, or 30 years for a plan that skips the cash value to instead offer greater affordability.
Simple Choice Term
Simple Choice Term begins at $25, in coverage and is available in 10, 15, 20, or 30 years, regardless of age and health. This plan allows you to convert your policy later to permanent insurance if you prefer.
This is a unique approach to life insurance that offers death benefits in a monthly payment format instead of just one large lump sum. It provides regular income that can prove invaluable to a family. Policy coverage is completely customizable with terms up to 30 years and coverage for adults 20 to 55 years old until age There are no medical exams with an easy online approval that takes just minutes. Monthly payments may be anywhere from $ to $10, per month or use, depending on your age and the policy you choose.
For a more flexible policy, consider these two plans for Western & Southern Life’s universal insurance.
- Ultra Life®: There is no level death benefit with coverage that lasts beyond age It builds cash value despite flexible premiums and can also include a guaranteed life death benefit lasting beyond age
- Expedition SIULTM Survivorship: This plan provides a death benefit for two people, such as your spouse or business partner. It pays a death benefit upon the second death and usually features more premiums than other types of life insurance with a guaranteed Persistency Bonus each policy year.
Western & Southern universal coverage is available in a survivorship life insurance policy.
Indexed Explorer Plus®
The Indexed Explorer Plus® plan offers options for policyholders of all ages. It covers either children from ages 0 to 19 or adults between the ages of 20 and Policies have face amounts of $25, or $, with flexible premiums, cash value accumulation, and a flexible level death benefit.
Protection Life gives the peace of mind of a no-lapse guarantee that means your policy will not be canceled from non-payment as long as sufficient premiums have been paid. Policy premiums are also flexible, offering cash value accumulation with a level death benefit.
Life insurance riders are additional types of coverage that you can purchase to further customize your life insurance plan. Western & Southern offers 13 riders for select policies.
Riders are great for extra coverage but can quickly drive up the cost.
Accelerated Death Benefit Plus Rider
This rider allows you access to a portion of the death benefit before the policyholder dies when certain conditions apply.
Accidental Death Benefit Rider
With the accidental death benefit rider, your beneficiaries receive an additional payout if you die in an accident.
Children's Term Rider
The children’s term rider provides a death benefit for a policyholder’s eligible children aged 15 days to 18 years until age
This feature helps you transition term coverage into a permanent policy.
Disability Credit Rider
The disability credit rider provides a monthly premium credit for six months when you experience a total disability.
Estate Protection Rider
This rider safeguards against estate taxes that may apply when the policy is transferred to a trust. Both insureds must die within the first three policy years for this to apply.
Insured Insurability Rider
The insured insurability rider allows you to increase your insurance coverage, despite health.
Life Plus Accelerated Death Benefit Rider®
Designed for survivorship policies, this rider allows advanced access to a portion of the policy’s death benefit based on certain medical needs after the first insured's death.
Overloan Protection Rider
With this rider, you receive extra loan protection that guarantees your policy will not lapse.
Other Insured Term Rider
With this rider, you can receive term insurance coverage until age
Premium Deposit Account
You can make extra premium payments to help with your future finances. This rider is not available in Connecticut and Pennsylvania.
This rider will provide term life coverage for a policyholder’s spouse with a death benefit.
Waiver of Premium Rider
If you become totally disabled from injury or illness, this rider will help you maintain your insurance by waiving premium requirements.
Western & Southern Life offers several options for customer support. You may call Monday through Thursday 8 a.m. to 10 p.m. and Friday 8 a.m. to 6 p.m. It even offers rare Saturday customer service hours from 9 a.m. to 1 p.m. EST. You also have the option to send an email or request a phone call. If you prefer to work with an agent directly, you can use the online tool to find an office or local financial representative. You can make payments online and file a claim online or via phone at during regular business hours.
Western & Southern offers phone support on Saturdays, and you great southern life insurance the online form to request a call.
To determine a company’s customer satisfaction, the National Association of Insurance Commissioners (NAIC) tracks customer complaints on an annual basis. Its average score isbut Western & Southern Life scores well below that, earning an impressively low NAIC rating of It marks an improvement from the last two years, when it scored in and in
Western & Southern may not be ranked in J.D. Power’s Life Insurance study, but it still boasts strong ratings by leading industry experts. It proudly boasts its financial ratings on its site, including AA- (Very Strong) from Standard & Poor’s, AA (Very Strong) from Fitch, and Aa3 (Excellent) from Moody’s. Western & Southern receives an A+ (Superior) rating from AM Best for financial stability. This signifies that this is a company that can be relied upon to pay its policyholders’ claims.
The COMDEX index rating averages these scores together, using the average score to provide an overall ranking. With being the best score, Western & Southern receives an impressive 96 out of total COMDEX index ranking. It shows that Western & Southern is a highly-rated company by the top insurance industry experts.
Cancellation Policy at and t customer service phone number Western & Southern offers a free-look period for its life insurance policies. During this time, you have a chance to review your policy in detail to ensure that it is the right fit for you without fear of commitment. The length of the free period varies based on state law but typically lasts 10 days. After this period ends, you may be assessed additional penalties and fees taken from your cash value if you cancel your insurance policy. Some policies may also no longer be subject to fees if you cancel after a certain period.
Every policy is different, so the cancellation term may vary. If you decide to cancel your policy during or after the free-look period, you can call or contact great southern life insurance agent directly for help.
The price of Western & Southern life insurance policies varies based on several factors which can include the type of coverage you choose, the state in which you live, your medical history, and your age. Gender is another factor that impacts cost, although most insurance companies base rates on your sex at birth and not your current gender identity. Being non-binary won't disqualify you from getting life insurance, though you may find carrier underwriting standards to be frustrating requiring you to select your birth gender rather than your chosen gender.
The cheapest life insurance policies tend to be offered to those who are younger great southern life insurance in excellent health.
To assess how Western & Southern Life stacks up against the competition, we look to one of our best insurance companies, New York Life. As one of the largest providers in the country, New York Life is much larger than Western & Southern Life’s % market share. New York Life also offers more plans and at a lower average price. It also has better ratings from AM Best, signifying that claims are both reliable and efficient.
|Southern Life||New York Life|
|Market Share||%||Third-largest in U.S., %|
|Number of Plans||9||10|
|Dividends for||$ billion||$ billion|
|Wellness Program Discounts/ Quit Smoking Incentives||Yes||Not applicable|
|Service Method||Agents, phone, online||Agents|
|AM Best Rating||A+ (Superior)||A++ (Superior)|
|Price Rank||Pricey||Better than most|
Western & Southern Life gives extra peace of mind with its strong industry ratings and a selection of nine plans for whole, term, and universal life insurance. However, it is a much smaller company that lacks the options and financial security that can come with a larger company, so this is best suited for those comfortable working with a niche provider.
Our exclusive life insurance review methodology takes a five-pronged approach to life insurance. We evaluate companies based on several factors, including customer service, product lines, claims and complaints, stability and reliability, and affordability. We also look to industry expert reviews from leaders like AM Best, J.D. Power, and the National Association of Insurance Commissioners. Using the latest data available, we provide an honest and accurate portrait of today’s best life insurance companies so you can make the best choice for you and your family.
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with fifth third bank & atm rockford il experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
Medicare Supplement Shopper's Guide - Search Results
NOTE: Companies are entered into the Medicare supplement database after their plans are filed and approved by the Kansas Insurance Department. Not all companies writing Medicare supplement insurance are represented in the database at this time; please check back as more companies have their plans approved and entered.
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GREAT SOUTHERN LIFE INSURANCE COMPANY
KANSAS CITY, MO
NOTE: This company offers a 10% household discount. The premium rates shown are for the plans that are sold via agents. The company also offers plans A, F, G and N through direct marketing. Contact the company for those rates.
|Age: 65||Annual Premium|
|Tobacco Use: nonSmoker|
|Effective: September 1,|
Historical trend data (based on current factors and modals):
This shopper's guide does not recommend or endorse any insurance company or policy. It is designed to help you comparison shop for coverage to supplement your Medicare benefits.
AM Best Information Services
NOVEMBER 04, AM (EST)
A.M. Best Affirms Ratings of Americo Life, Inc. and Its Subsidiaries
FOR IMMEDIATE RELEASE
OLDWICK, N.J. - NOVEMBER 04, AM (EST)
A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of "a-" of Americo Financial Life and Annuity Insurance Company (AFL) (Dallas, TX). Additionally, A.M. Best has affirmed the ICR of "bbb-" and debt rating of "bbb-" on $ million % senior unsecured notes of Americo Life, Inc. (Americo) (Kansas City, MO). Concurrently, A.M. Best has downgraded the FSR to B+ (Good) from A-(Excellent) and ICR to "bbb-" from "a-" of Great Southern Life Insurance Company (Great Southern) (Dallas, TX). The outlook for all ratings is stable. (See below for a detailed listing of the companies and ratings.)
While Great Southern has historically been a material source of new business for Americo, the company is no longer a key component of Americo's marketing strategy, as Great Southern only has modest amounts of non-core business being issued in just two states.
The ratings of Americo primarily reflect the adequate risk-adjusted capitalization of the statutory operating companies despite the dislocation in the financial markets over the past year, as well as the favorable operating profitability that is primarily attributable to the strong earnings generated by its stable and highly profitable closed blocks of ordinary life business. Additionally, Americo continues to generate adequate spreads on its annuity business. Furthermore, Americo's financial leverage and interest coverage ratios remain well within A.M. Best's guidelines for its current ratings.
While the company's statutory capital position benefited from a $25 million capital contribution from its parent and the conversion of $60 million of surplus notes to paid-in capital during second quarterA.M. Best notes that surplus notes still represent approximately 30% of adjusted capital and surplus. In addition, Americo maintains a substantial amount of reinsurance leverage. A.M. Best also believes the company's risk-adjusted capital position may be strained if it were to experience significant asset impairments or further negative ratings migration within its fixed income portfolio over the near term.
Through its branded marketing focus, expanded distribution and product development initiatives, AFL has historically generated strong life and annuity sales growth. However, life sales have declined in due to the company's strategic decision to eliminate sales of certain life insurance products. A.M. Best believes that AFL may be challenged to increase sales going forward due to the competitive markets in which it operates and old national bank kalamazoo current recessionary environment.
The FSR of A- (Excellent) and ICR of "a-" have been affirmed for Americo Financial Life and Annuity Insurance Company.
The FSRs of B+ (Good) and ICRs of "bbb-" have been affirmed for the following life/health subsidiaries of Americo Life, Inc.:
- National Farmers Union Life Insurance Company
- The Ohio State Life Insurance Company
- Great southern life insurance Life Insurance Company of North America
The FSR has been downgraded to B+ (Good) from A- (Excellent) and the ICR to "bbb-" from "a-" for Great Southern Life Insurance Company.
The ICR of "bbb-" has been affirmed for Americo Life, Inc.
The following debt rating has been affirmed:
Americo Life, Inc.
- "bbb-" on $ million % senior unsecured notes, due May
For Best's Credit Ratings, an overview of the rating process and rating methodologies, please visit Best's Ratings great southern life insurance Analysis.
The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at Best's Credit Rating Methodology.
Founded inA.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers.