Christian Fidelity Life Insurance
Company Review

The Medicare program can offer you a wide array of protection, including costs that are associated with an inpatient hospital stay, as well as for outpatient surgery, necessary medical equipment, and doctors’ visits.

However, even with the many coverages that are provided through Medicare Parts A and B, it doesn’t get everything. There are plenty of bills Medicare doesn’t pay for.

This is where a Medicare Supplemental plan comes in. These plans are designed to increase your healthcare insurance. They can fill in the coverage gaps (which is why it’s also called Medigap protection).
 

There are a couple of different options if you want to buy supplemental protection. If you decide to go with a Medigap plan, you have 10 options. They are named by a letter of the alphabet, which keeps it simple. Plan A has the least amount of coverage, Plan F has the most. 

Before we get in-depth about the companies and plans, there are one important note. By law, every Medigap plan is based on standards developed by the government. A Plan F from one company is the same as a Plan F from a different company.

Before you decide on a Medicare Supplement insurance plan, you compare the offerings and the premium quotes from more than just one, single insurance company.

To help you find the perfect company, we have done some of the work for you. Let’s take a hard look at Christian Fidelity Life Insurance. This article should give you the info you need to make the best choice for your health insurance coverage.

The History of Christian Fidelity Life Insurance Company

Christian Fidelity Life Insurance Company was initially founded in 1935. The company is considered to be a high quality Medicare Supplement insurance company provider that offers competitive premiums, along with excellent service and an outstanding sales force.

The company has more than 50 years of experience in offering products to its customers, and today, the company has approximately 30,000 Medicare Supplement Insurance policies in force around the United States.

In the year 2000, Christian Fidelity Life Insurance Company was acquired by Oxford Life Insurance Company (Oxford Life) - a company that is known for supporting the senior market with products that help to meet their financial needs. Oxford Life Insurance Company is a member of AMERCO, a publicly traded financial holding network.

Oxford Life Insurance Company is a direct writer of senior market insurance products, and the company is headquartered in Phoenix, Arizona. As of June 2016, this company held total assets of nearly $1.5 billion.

Several years later, in early 2006, Christian Fidelity Life Insurance Company acquired Dallas General Life Insurance Company, which allowed the company to grow, as Dallas General Life had approximately 7,500 Medicare Supplement insurance policy holders, and 1,000 agents that were located in and around the Dallas, Texas area. As of year-end 2012, Dallas General was officially merged with Christian Fidelity Life Insurance Company.

As of year-end 2016, Christian Fidelity Life Insurance Company has total assets of nearly $64 million, and had taken in nearly $440,000 in life and annuity premium, and nearly $25 million in accident and health insurance premium.

Christian Fidelity Life Insurance Company Review

As a wholly owned subsidiary of Oxford Life Insurance Company, Christian Fidelity Life Insurance Company has favorable consolidated financial strength, which is supported by its stable, improving operating trends, its strong risk-based capitalization, and its increased organic growth in its core business lines that serve the senior market.

Together, Christian Fidelity and Oxford Life have a key focus on offering Medicare Supplement insurance plans, as well as final expense life insurance coverage, and retirement annuities.

Insurer Ratings and Better Business Bureau Grade

Based on its overall financial situation, Christian Fidelity Life Insurance Company has an A.M. Best rating of B++ (Good). As of June 2016, Oxford Life Insurance Company has an A- (Stable) by A.M. Best Company.

While neither Christian Fidelity Life Insurance Company nor Oxford Life Insurance Company are accredited members of the Better Business Bureau (BBB), Oxford has a B- rating.

Six customer complaints have been closed out by Oxford Life Insurance Company through the BBB - one of those was resolved in the past 12 months. Most of the complaints

Medicare Supplement Insurance Offered By Christian Fidelity Life Insurance Company

Christian Fidelity Life Insurance Company sells several Medigap plans:

• Plan A
• Plan C
• Plan F
• Plan N

With Medicare Supplement Plan A, you get the following coverage:

• Medicare Part A coinsurance and hospital costs - up to an additional 365 days after Medicare benefits are used up
• Medicare Part B coinsurance or copayment
• The first 3 pints of blood that are needed each year
• Medicare Part A hospice care coinsurance or copayment

A lot of Medicare enrollees want the most protection available, and that’s Plan F:

• Medicare Part A coinsurance and hospital costs - up to an additional 365 days after Medicare benefits are used up
• Medicare Part B coinsurance or copayment
• The first 3 pints of blood that are needed each year
• Medicare Part A hospice care coinsurance or copayment
• Skilled nursing home facility care coinsurance amount
• Medicare Part A deductible
• Medicare Part B deductible
• Medicare Part B excess charge
• Foreign travel exchange - up to the plan’s limits

For those who may be seeking a more middle-of-the-road Medicare Supplement insurance plan, there is Plan C:

• Medicare Part A coinsurance and hospital costs - up to an additional 365 days after Medicare benefits are used up
• Medicare Part B coinsurance or copayment
• The first 3 pints of blood that are needed each year
• Medicare Part A hospice care coinsurance or copayment
• Skilled nursing home facility care coinsurance amount
• Medicare Part A deductible
• Medicare Part B deductible

Medicare Supplement Plan N is also available via Christian Fidelity Life Insurance Company. With this Medigap plan, the following benefits are provided:

• Medicare Part A coinsurance and hospital costs - up to an additional 365 days after Medicare benefits are used up
• Medicare Part B coinsurance or copayment
• The first 3 pints of blood that are needed each year
• Medicare Part A hospice care coinsurance or copayment
• Skilled nursing home facility care coinsurance amount
• Medicare Part A deductible

If you live in Massachusetts, Minnesota, and Wisconsin, Medicare Supplement coverage may be available, however, the plans that are offered in these states are not standardized in the same way that the plan in the other U.S. states are set up.

Other Products Through Christian Fidelity

Christian Fidelity Life Insurance Company is also known for offering final expense insurance. Final expense life insurance coverage is a type of life insurance protection with a focus on paying out a benefit to either a named beneficiary or a funeral home directly for the purpose of paying off one’s final expenses.

Typically, final expense life insurance coverage will offer a benefit of between $5,000 and $25,000, although there are some policies that will pay more. Oftentimes, these plans are whole life insurance in nature, which means that once the insured has qualified for the policy, the amount of the death benefit is locked in (and won’t increase), and the premium cannot increase, regardless of whether he or she contracts an adverse health condition in the future.

Because many final expense plans are whole life, they build up cash value or savings within the plan. The funds that are in the policy’s cash value portion can grow and compound. No taxes are due on the gains unless or until the cash is withdrawn (or borrowed and not repaid). The cash inside of such policies can be accessed either via loans or withdrawals, and it can be used for any reason.

Christian Fidelity Life Insurance Company’s parent company, Oxford Life, also offers retirement annuities. Because people are living longer today than ever before in history, many people fear that they will outlive their income and assets in the future. With an annuity, however, if an individual chooses the lifetime payout option, he or she can essentially receive an ongoing income stream with will last for the remainder of their lifetime - regardless of how long that may be.

Getting the Best Medigap Insurance

There are hundreds of companies out there. Think about how long it would take you to call those companies and find the cheapest rates. Instead of calling company after company, give us a call. We can give you dozens of the Medicare Supplement insurance plans and premium quotes that are available to you - and from there, you can make the decision regarding which one may be best for you.

If you have any questions about Christian Fidelity or about Medigap in general, let us know. Not only can we bring those quotes, but we can also give you some advice on which plan to buy. If you’re worried about your health care, don’t wait to give us a call.