AmeriLife and Prosperity Life Group Unveil Medicare Supplement Insurance Product

The solution combines industry-leading service and technology with low pricing; it will be available exclusively through AmeriLife and its connected firms.

FREMONT, CA: AmeriLife Group, LLC, a market leader in developing, marketing, and distributing annuity, life, and health insurance solutions, launches a new Medicare Supplement Insurance offering developed in collaboration with Prosperity Life Group, a leading insurance organization that helps provide financial security to independent contractors through its member companies.

Prosperity's program, insured by member businesses SBLI USA Life Insurance Company, Inc. and S.USA Life Insurance Company, Inc., features competitive premium rates—including market-leading rates for Plans F, G, and N in numerous ZIP codes—and a 7 percent household discount in eligible states. Additionally, agents and consumers will have access to a new, technologically enhanced E-Application that will include point-of-sale underwriting, quick decisioning, and electronic and voice signing capabilities, assuring a smooth and efficient transaction.

“Medicare Supplement Insurance offerings have been a mainstay for AmeriLife since its founding 50 years ago,” says Pat Fleming, executive vice president of Product Innovation and Corporate Actuary at AmeriLife. “Today’s announcement represents a continuation of our efforts to deliver innovative, high-quality insurance products and ensure that we’re meeting the growing needs of our marketers, agents, and their clients.”

“The technological edge inherent to this new offering sets it apart; it’s a gamechanger for our distributors and their agents,” adds Scotty Elliott, president of Life and Health Brokerage Distribution at AmeriLife. “With a legacy of innovation spanning more than 100 years, an A-minus (Excellent) Financial Strength rating from A.M. Best, and a diverse portfolio of supplemental health, life and annuity products, Prosperity was uniquely positioned to collaborate on this exciting new offering with AmeriLife.”

“We are pleased to be offering new, competitive Medicare Supplement plans with industry-leading capabilities that improve the agent and customer experience,” says Greg Galdau, vice president of Supplemental Accident & Health at Prosperity. “Prosperity is excited to be deepening its longstanding partnership with AmeriLife and continuing our mission to help provide financial security to our customers.”

Currently, plans are offered in 13 of the top Medicare Supplement states: Alabama, Arizona, Georgia, Indiana, Michigan, Nebraska, Nevada, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. This September, additional states will become available. By the summer of 2022, the offering's total geographic reach will include more than 30 states.