Individual Assurance Company (IAC) Contracting & Appointment
Individual Assurance Company began doing business in 1956 as Institutional Agencies Corporation, and in 1973 was established as a Missouri domiciled insurance company. Headquartered in Edmond, Oklahoma, and operates in 43 states and throughout many Pacific island nations and territories.
IAC has grown through the years by remaining “focused on what matters most.” More recently, IAC has moved into the Medicare Supplement market.
These are IAC's current policies and state availability for 2020.
AK AL AR AZ CO DE IA IL IN KS KY LA MD MI MN MO MS MT NC ND NE NJ NM NV OH OK OR PA SC SD TN TX UT VA WI WV WY
Select from Plan A, F, G, or N, and base policy and riders; may vary by state. Plans are available pre-65 due to disability in some states. Household discount is available in most states, states differ in requirement and availability.
IAC’s current administrative practice is not to adjust rates for 12 months from the effective date of coverage.
The Web Application is an online application for open enrollment, guaranteed issue, and applications requiring underwriting approval. Once the application has been submitted, it can be downloaded or printed. Follow the application status via the agent portal.
Tele-Application is a telephonic application process when applying outside of open enrollment or a guaranteed issue period. Other than the occasional state-required form, the Tele-Application process is paperless; the Tele-Underwriter will provide a policy number at the end of the call.
A properly completed paper application should be finalized within 4 to 7 days of receipt at IAC’s administrative office; the ideal turnaround time is 10 to 12 days. Tele-Application and Web Application are generally processed and mailed within 24 hours.
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