Admiral Life Insurance has been taken over in recent years and now mainly operates under the name of Puritan Life. They are a part of the Puritan Financial Companies network which also offers brokerage and investment services in many states (in addition to life insurance and health supplement policies).
Some companies will offer a variety of supplement policies and different plans, while other, smaller companies may have a more limited selection. It appears that Puritan/Admiral Life is one of those companies that chooses to specialize in a limited selection for the benefit of their clients:
|Medicare Supplement Plans||YES|
|Medicare Advantage Plans||NO|
|Medicare Part D Drug Plans||NO|
As the Puritan (formerly Admiral) Life website says, a Medigap policy from one company “may sell at close to half the price with another”. This is why it is important to compare premiums across different companies to make sure you are paying a fair price. Take a look at the chart below for a good example of average rates across the country:
This Table Represents National Average Costs of Medicare Supplement Plans
|Plan Type||Starting From||Part A Deductible||Part B Deductible||Excess||Nursing||Travel|
|Plan C||$118*||$0||$0||Not Covered||100% Covered||100% Covered||Request Info|
|$116*||$0||$0||100% Covered||100% Covered||100% Covered||Request Info|
|Plan G||$105*||$0||$147||100% Covered||100% Covered||100% Covered||Request Info|
|Plan B||$104*||$0||$147||Not Covered||Not Covered||Not Covered||Request Info|
|Plan N||$70*||$0||$147||Not Covered||100% Covered||100% Covered||Request Info|
|Plan D||$97*||$0||$147||Not Covered||100% Covered||100% Covered||Request Info|
|Plan A||$69*||$1||$147||Not Covered||Not Covered||Not Covered||Request Info|
|Plan L||$76*||$304||$147||Not Covered||75% Covered||Not Covered||Request Info|
|Plan K||$45*||$608||$147||Not Covered||50% Covered||Not Covered||Request Info|
|Plan M||$97*||$608||$147||Not Covered||100% Covered||100% Covered||Request Info|
The financial strength of a company may very well determine how likely they are to pay out on a claim, or how likely they are to be around in the future. But just because a company isn’t large or public enough to have an official financial strength rating doesn’t necessarily mean that they don’t have a strong economic foundation and business model. Below is some of the most widely available information on the financial strength of Puritan/Admiral Life:
|A.M. Best Rating||NR|
|Standard & Poor’s Rating||None Available|
|Moody’s Rating||None Available|
*Ratings as of 2/17/15
Puritan/Admiral Life has been going strong since the late 1950’s. They are headquartered in Texas and offer multiple financial services and products for those approaching retirement age. They pride themselves on providing “old-fashioned”, face-to-face, one-on-one service.
Telephone Number: 800-513-3243
To speak with a person:
Due to the personal business model of Puritan/Admiral Life, it is likely that once you have an active policy, you will receive direct contact information from your personal insurance agent.
If, however, you cannot get a hold of your agent for any reason, dial the customer service number above during their regular business hours (8:00 a.m. – 5:00 p.m., M-F, CST) and press 0 to be connected to a live representative.
Puritan Financial Companies
5085 W Park Blvd Suite 700,
Plano, TX 75093
Customers looking to get a rate quote, or learn more about plans have 2 options:
Mon-Fri, 8am-8pm EST