We are proud to offer IAC as one of our carriers. If you are looking for free quotes, contact us at (800) 208-4974.
Individual Assurance Company (IAC) was founded over 50 years ago as an insurance agency with the goal of meeting the insurance needs of their customers. Over the years, the company has grown tremendously, offering a wide range of insurance plans for individuals in almost all states. Starting out as “Institutional Agencies Corporation,” the company began doing business in 1956. In 1973, IAC established as a domiciled insurance company in Missouri. IAC maintains their headquarters in Edmond, Oklahoma.
The company has a stable outlook and maintains a “B+ (Good)” rating from A.M.s Best. They currently have almost $4 billion of insurance in force.
Medicare Supplement Plans Offered By IAC
IAC offers the three most popular Medicare Supplement Plans; F, G & N.
You get the following with a Medigap plan from IAC:
- 30 day free-look period
- Coverage is guaranteed renewable for life
- Portable coverage
- Ability to see any provider that accepts Medicare
- Household discount (when applicable)
Referring to the Medigap chart above, you can see the highlighted plans. F, G & N are the most commonly purchased Medicare Supplement plans. IAC offers these three plans in most states they are licensed in, across the U.S. Medigap plans pay the deductibles and other costs associated with Original Medicare. With the right supplement program, you can see any doctor or hospital in the country that accepts Medicare, no referrals needed. We recommend Plan G, see our explanation why.
IAC started offering Medicare Supplement plans a few years ago. Their rates are very competitive, especially with plans G and N. They offer a 7% household discount that is applied if you live with someone else. The other person in the household does not need to buy any insurance.
Since offering Medigap plans, IAC has shown to have conservative rate increases. These increases have been in line or lower than other carriers in the market.
They have one of the best application processes in the business and can issue policies within minutes of submitting an application. Also, their customer service is excellent. Don’t be scared away because you have never heard of IAC. They are a reliable option for your supplemental insurance.
Overall, we recommend IAC and would be happy to answer any questions you have and provide free quotes. Call us directly at (800) 208-4974.
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