MONTGOMERY, Ala., Aug. 2, 2011 /PRNewswire/ -- AIMS, a national Marketing Services Administrator (MSA), announced today a solution for assisting with critical illness recovery - Cash Advantage Critical Illness(SM) from Loyal American Life Insurance Company®. This product is a simplified issue product designed to help meet recovery needs of 18 to 59-year -olds who have suffered from a critical illness such as cancer, heart attack, stroke, coronary bypass, angioplasty, paralysis, and nine other covered health conditions. With many changes in health insurance coverage, there is a rising need for supplemental coverage that pays cash for a covered diagnosed condition.
With the potential physical and emotional drain on the family of an individual who is recovering from a critical illness, the last thing they need to worry about is the high cost of treating the critical condition. The total cost of deductibles, co-insurance and home health care costs can appear insurmountable. This situation is often compounded by reduced income due to disability (whether short term or long term), which may be financially devastating to individuals and their loved ones.
Steve Dozier, Chief Executive Officer and President of AIMS, said, "Providing products that help fill the gaps found in various types of medical insurance makes sense for agents who wish to provide a comprehensive coverage option for their clients. AIMS helps agents fill these gaps by developing products with carriers, such as long term care and critical illness insurance - products that target specific areas that are often overlooked in planning for future medical needs. We often talk with our clients about planning for retirement, taxes, and death but find it increasingly important to review coverage for recovery from certain types of medical events and the impact on their families, their finances, and their quality of life."
Products are currently approved in 27 states and approval is pending in others. For more information, producers may visit http://www.aimsci.com or call AIMS Marketing at 800-325-9876.
About AIMS Benefit Solutions (AIMS)
AIMS has developed and marketed products on a national basis since 1987. Our experience, expertise, and marketing support systems have made us a leading specialist in Association and Worksite solutions. Our products are offered through insurance company distribution, marketing organizations, and Managing General Agents in both the career and brokerage markets.
The ability to help agents focus on what they do best and leave the administration to AIMS has helped many agents increase their production. Adding the Cash Advantage Critical Illness program from Loyal American Life Insurance Company to our turn-key marketing support will help agents take their production to the next level.
AIMS Benefit Solutions is located at 101 TechnaCenter Drive, Montgomery, AL. For additional information on Cash Advantage, please contact AIMS at 800-325-9876 or firstname.lastname@example.org.
About Loyal American Life Insurance Company
Part of the Great American Supplemental Benefits Group family of companies, Loyal American Life Insurance Company (Loyal) has provided insurance products since 1955 and continues to offer a wide selection of supplemental policies, marketed through agents, designed to help meet the financial needs of Americans as deductibles and coinsurance costs grow. Loyal is rated (A-) Excellent with A.M. Best.
About Great American Supplemental Benefits Group
Based in Austin, Texas, Great American Supplemental Benefits Group (GASB) features a robust suite of supplemental health insurance products including Cash Advantage Critical Illness, Affordable Health Benefits(SM) specified medical benefit policy, specified disease cancer, heart attack, stroke, accident and Medicare Supplement. Great American Supplemental Benefits Group is a part of Great American Financial Resources Inc. ("GAFRI") and a member of the Great American Insurance Group, whose roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc.
This information is intended for professional agents (A.M. Best's "A- (Excellent)" rating is fourth highest out of sixteen categories. Rating is based on the company's financial strength and ability to meet its obligations to policyholders. Not a recommendation of the company or its products.) REC-0036.
SOURCE AIMS Benefit Solutions