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United Fidelity Life Insurance Company General InformationDescription United Fidelity Life Insurance Company is an insurance company based in Dallas, Texas. Established in 1977 the company provides life, accident, and health insurance coverage. It operates as a subsidiary of Americo Financial Life and Annuity Insurance Company. The assets of the firm are managed by the executive management team. Contact InformationWant to dig into this profile?We’ll help you find what you need Learn more United Fidelity Life Insurance Company Commitment AnalyticsPitchBook’s data visualizations help you see a limited partner’s commitments—showing a breakdown of activity by fund type and region, complete with performance metrics. Request a free trial Commitments by Fund Type Commitments by Region United Fidelity Life Insurance Company Investment AllocationsPitchBook provides insight into a limited partner’s preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds. Request a free trial
United Fidelity Life Insurance Company Team (8)
You’re viewing 5 of 8 team members. Get the full list » We make things work. Serving life, health and accident insurance needs since 1935. We want you to know in this troubling time that we are prepared to handle circumstances related to the coronavirus through our business continuity protocols. Continuous service to our customers is our top priority. All of our services are operating smoothly and safely for
your continued support. Strategic Solutions Strategic Solutions for Life, Health and Accident Insurance Needs. Employer Self insured Plans Agent/MGU Programs & PORC Comprehensive TPA services Life Annuity Health Accident Quotation & Illustration Interface New
Business Underwriting Policy Servicing Billing & Collection Claims Processing Agency & Commission Reinsurance Premium & Financial Accounting Reporting & SLA Document Management Our Company Third Party Administrator Serving Policyholders since 1935, Universal Fidelity Life Insurance Company is licensed nationally as a
TPA and in 7 states as an insurance company. For our TPA clients we process over 1,200,000+ claims a year and administer over 90,000 policies for over 350,000 insureds. Our subsidiary, Southern Life and Health has been in operation since 1895. Executive offices are in Oklahoma City and the administrative service center is in Duncan, Oklahoma. We Care and We Deliver. Our company’s reputation is built upon providing superior services to individuals and other insurance
companies. Our Systems are Robust, Secure, Scalable, and Professionally Implemented. Our Most Important Asset — Experienced, Engaged Management and Staff that are experts in a broad array of products. We are SOC1 Type 2 Certified and as a licensed insurance company, we comply with all reporting, regulations, cybersecurity standards, governance, procedures and policy issues that our TPA clients do. We know an
insurance company’s operating requirements and needs. Legend Insurance Agency is a nationally licensed affiliate. It markets Direct to Consumer Medicare Supplement, Texas Student Accident Insurance and is an MGU for Employer Stop Loss for A+ rated carriers. As a result of our affiliation, we have a deep understanding of the challenges and issues of marketing insurance. Our Values Products Supported Insurance Products Supported Traditional life insurance and riders Interest sensitive WL/UL Annuities/SPIA plans, qualified, MVA, MYGA, FIA Voluntary and worksite benefits Major medical and Hospital Indemnity Supplemental Health Products – Group and Individual Supported Riders – simple and complex Medicare Supplement New business, underwriting, and policy issue Billing and premium application Agent and hierarchy management Annuity management including qualified and RMD Policy service, maintenance, and claims Multi-company environment for multiple blocks Product and rate increase maintenance Reinsurance tracking for ceded coverage System configuration and processing rules Document, forms, and correspondence management Reporting, including reserve valuation Accounting integration to multiple packages IRS 1099/5498 reporting and e-filing
Claims engine dashboard with performance metrics Business rules engine for benefit and procedure mapping Manual claims queue with one-click re-adjudication Rate increase filing and implementation management New business and e-app import via ACORD file integration EDI file integration with clearinghouse and EOB/payment vendors
Auto adjudication ratios at 95% and higher. 200 service lines/minute, multiple EDI files processed at the same time, 24 hr/day. Dashboard, real-time processing, 30-day historical adjudication metrics. Notifications via email Eligibility/claims 837 EDI files. Integrates with Red Card. Agent onboarding, contracting, integration VUE agency software. New business submissions from 3rd party e-app applications via ACORD standard XML 103 policy files Claims processing for medical, dental, vision, and prescription drug plans Precertification, PPO Administration, Letter Writing, Call Tracking, Referral, and Case Management Capitation maintenance and payment processing Consumer-driven healthcare admin, FSA, HRA, and HSA Eligibility administration Web Portal provides Real-Time data access, Enrollment, Member Registration, Call Tracking
Disability processing for both short/long-term benefits Premium billing and agent commissions COBRA Administration, Qualifying Event Notification Letters PCORI and Transitional Reporting for ACA 1094-C & 1095-C Forms and Electronic Filing 835 CAS Reason Code Mapping 1099 Forms and Electronic Filing W-2 Forms and Electronic Filing Services Offered New Business > Product Development Support > Policy Issue, Policy Print & Delivery > E-Delivery, E-Signature, Voice Signature > Interfaces to quoting and e-app systems Underwriting > Fully Underwritten > Guaranteed Issue > Simplified Issue Policy Administration > Policy Changes, Riders > Address/Ownership/Beneficiary Changes > Billing, Collecting and Premium Processing > Policy Reinstatement > Dividend/NFO Processing > Surrender & Loan Processing > Customer Correspondence > Undo/Redo Processing Commissions Processing > Payment; Reversals; Corrections, Advances Agent and Agency > License, Contract, Appoint & Maintenance Call Center Operations > Policy holders, Agents, Applicants, Providers Claims > Life, Annuity, Health, Waiver of Premium > Non-contestable Claims Review > Adjudication, Auto Adjudication and Payment > Claims with reinsurance Accounting Services > Policy Accounting – Individual, Group, Worksite General Accounting Services > Bank reconciliation and check aging > Commission Accounting > Reinsurance Accounting Actuarial Support > Collaborate to optimize product configuration > Extracts to valuation & reserve systems > Product Development and Filing Assistance Reinsurance Administration Compliance & Regulatory Support Blue Book Preparation Virtual Company Management Strategic Solutions for Life, Health and Accident Insurance Needs. Unique solutions for your health and financial wellbeing. Comprehensive TPA Services for all lines of business. Employer Self insured Plans Full TPA Group Administration and MGU Stop Loss services. In the fast-moving Insuretech space, many new companies do not have the infrastructure, systems, compliance or licensing that is needed to implement their vision. We are an insurer, reinsurer, agency and TPA. We can fill the Gaps your company needs. Agent/MGU Programs & PORC Many large or growing agency programs may desire to have their own exclusive programs. We setup, enable and administer them. As an alternative to ordinary income taxation of profit shares, Producer Owned Reinsurance Captives allow tax advantaged accumulation of underwriting earnings and the potential to grow into an admitted insurer if desired. Self Insurance of company risks is a tax efficient, risk controlled and cost-effective solution for many companies. As an insurance company ourselves, we are uniquely situated to assist in the setup, administration, and reinsurance structuring of your company’s Captive Insurer. A single end to end solution for all stages of an insurance product’s life-cycle Rapid creation of new insurance products and versions Proven Implementation Plans Consultative Process Products Life Annuity Health Accident Processes Quotation & Illustration Interface New Business Underwriting Policy Servicing Billing & Collection Claims Processing Agency & Commission Management Reinsurance Premium & Financial Accounting Reporting & SLA Document Management Third Party Administrator Serving Policyholders since 1935, Universal Fidelity Life Insurance Company is licensed nationally as a TPA and in 7 states as an insurance company. For our TPA clients we process over 1,200,000+ claims a year and administer over 90,000 policies for over 350,000 insureds. Our subsidiary, Southern Life and Health has been in operation since 1895. Executive offices are in Oklahoma City and the administrative service center is in Duncan, Oklahoma. We Care and We Deliver. Our company’s reputation is built upon providing superior services to individuals and other insurance companies. Our Systems are Robust, Secure, Scalable, and Professionally Implemented. Our Most Important Asset — Experienced, Engaged Management and Staff that are experts in a broad array of products. We are SOC1 Type 2 Certified and as a licensed insurance company, we comply with all reporting, regulations, cybersecurity standards, governance, procedures and policy issues that our TPA clients do. We know an insurance company’s operating requirements and needs. Legend Insurance Agency is a nationally licensed affiliate. It markets Direct to Consumer Medicare Supplement, Texas Student Accident Insurance and is an MGU for Employer Stop Loss for A+ rated carriers. As a result of our affiliation, we have a deep understanding of the challenges and issues of marketing insurance. T ransparent D ealing D emonstrates C ompetence D emonstrated C ompetence B uilds T rusted R elationships T rusted R elationships E nable L ong T erm S uccessful P artnerships Insurance Products Medicare Supplement ERISA TPA & Stop Loss MGU Traditional life insurance and riders Interest sensitive WL/UL Annuities/SPIA plans, qualified, MVA, MYGA, FIA Voluntary and worksite benefits Major medical and Hospital Indemnity Supplemental Health Products – Group and Individual Supported Riders – simple and complex Medicare Supplement New business, underwriting, and policy issue Billing and premium application Agent and hierarchy management Annuity management including qualified and RMD Policy service, maintenance, and claims Multi-company environment for multiple blocks Product and rate increase maintenance Reinsurance tracking for ceded coverage System configuration and processing rules Document, forms, and correspondence management Reporting, including reserve valuation Accounting integration to multiple packages IRS 1099/5498 reporting and e-filing Medicare Supplement
Claims engine dashboard with performance metrics Business rules engine for benefit and procedure mapping Manual claims queue with one-click re-adjudication Rate increase filing and implementation management New business and e-app import via ACORD file integration EDI file integration with clearinghouse and EOB/payment vendors Auto adjudication ratios at 95% and higher. 200 service lines/minute, multiple EDI files processed at the same time, 24 hr/day. Dashboard, real-time processing, 30-day historical adjudication metrics. Notifications via email Eligibility/claims 837 EDI files. Integrates with Red Card. Agent onboarding, contracting, integration VUE agency software. New business submissions from 3rd party e-app applications via ACORD standard XML 103 policy files Employer ERISA Self Insured Benefit Plans and Stop Loss Underwriting MGU Services Claims processing for medical, dental, vision, and prescription drug plans Precertification, PPO Administration, Letter Writing, Call Tracking, Referral, and Case Management Capitation maintenance and payment processing Consumer-driven healthcare admin, FSA, HRA, and HSA Eligibility administration Web Portal provides Real-Time data access, Enrollment, Member Registration, Call Tracking Disability processing for both short/long-term benefits Premium billing and agent commissions COBRA Administration, Qualifying Event Notification Letters PCORI and Transitional Reporting for ACA 1094-C & 1095-C Forms and Electronic Filing 835 CAS Reason Code Mapping 1099 Forms and Electronic Filing W-2 Forms and Electronic Filing > Product Development Support > Policy Issue, Policy Print & Delivery > E-Delivery, E-Signature, Voice Signature > Interfaces to quoting and e-app systems > Fully Underwritten > Guaranteed Issue > Simplified Issue > Policy Changes, Riders > Address/Ownership/Beneficiary Changes > Billing, Collecting and Premium Processing > Policy Reinstatement > Dividend/NFO Processing > Surrender & Loan Processing > Customer Correspondence > Undo/Redo Processing > Payment; Reversals; Corrections, Advances > License, Contract, Appoint & Maintenance > Policy holders, Agents, Applicants, Providers > Life, Annuity, Health, Waiver of Premium > Non-contestable Claims Review > Adjudication, Auto Adjudication and Payment > Claims with reinsurance > Policy Accounting – Individual, Group, Worksite General Accounting Services > Bank reconciliation and check aging > Commission Accounting > Reinsurance Accounting > Collaborate to optimize product configuration > Extracts to valuation & reserve systems > Product Development and Filing Assistance Reinsurance Administration Compliance & Regulatory Support Virtual Company Management Is Fidelity Life a real company?Founded in 1896, Fidelity Life Association is a life insurer based in Illinois. It's owned by Vericity, which also owns eFinancial, an insurance agency that sells Fidelity Life products. The company offers term products and a range of permanent options aimed at older customers.
How do I cancel my Fidelity Life Insurance?To cancel your Fidelity life insurance policy:. Call customer support on 800-369-3990.. Ask to speak with a representative.. Provide them with your policy number and customer information.. Request cancellation of your policy and monthly premiums.. You will receive a confirmation letter or email.. Who is Fidelity Life Association?Fidelity Life Association operates as an insurance company. The Company offers life insurance products and services. Fidelity Life Association serves customers in the United States.
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