Jane Dotson
AmFirst Insurance Company is an Oklahoma-domiciled insurance provider with administrative offices in Jackson, Mississippi. The company has been in operation since 1998 and has grown continuously over the years, increasing its market share annually. AmFirst offers a range of insurance products, including life insurance, annuities, and endowment policies, and is committed to providing innovative insurance solutions backed by superior personal service and cutting-edge technology. The company has received strong financial strength and credit ratings from AM Best, reflecting its stability and ability to meet the needs of its policyholders through economic highs and lows.
| Characteristics | Values |
|---|---|
| Headquarters | Ridgeland, Mississippi |
| Year founded | 1998 |
| Parent company | AmFirst Holdings Group |
| Subsidiaries | AmFirst Insurance Company, AmFirst Life Insurance Company, AmFirst Specialty Insurance Company, New Providence Life Insurance Company, TPM Life Insurance Company |
| Services | Life insurance, annuities, endowments, accident and health insurance |
| Financial rating | A- (Excellent) |
| Credit rating | Stable |
| Contact number | (888) 888-2519 |
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What You'll Learn
AmFirst Insurance Company's financial strength and credit ratings
AmFirst Insurance Company, headquartered in Ridgeland, Mississippi, has experienced continuous growth since its founding in 1998. The company has consistently developed innovative supplemental medical products, including dental, vision, and medical gap plans. AmFirst Insurance Company's financial strength and credit ratings have been evaluated by AM Best, an internationally recognized insurance rating firm.
In August 2024, AM Best affirmed a Financial Strength Rating of A- (Excellent) and a long-term Issuer Credit Rating of "a-" for AmFirst Holdings, Inc., reflecting stable outlooks. This assessment underscores AmFirst Holdings' consistent operating profitability and capital retention capabilities. Additionally, AmFirst Holdings is recognized for maintaining the highest level of risk-adjusted capitalization, as measured by AM Best.
In August 2023, AM Best reaffirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) for AmFirst Insurance Company and its subsidiaries, AmFirst Life Insurance Company, New Providence Life Insurance Company, and AmFirst Specialty Insurance Company. This rating upgrade from B++ (Good) in 2021 reflects the companies' strong financial positions and stable outlooks.
AmFirst Insurance Company's financial strength rating was upgraded by AM Best in 2021 to A- (Excellent) from B++ (Good). This upgrade signifies the company's improved financial health and stability. Additionally, AM Best has consistently affirmed the Long-Term Issuer Credit Ratings of "a-" (Excellent) for AmFirst Insurance Company and its affiliates. The stable outlook assigned to these ratings highlights the company's reliable financial standing.
AmFirst Insurance Company has demonstrated resilience through economic fluctuations, maintaining its stability and commitment to meeting policyholders' needs. The company's financial strength and credit ratings reflect its solid financial foundation and strategic growth. AmFirst's consistent growth in capital and expansion into new territories contribute to its overall financial strength.
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AmFirst's Premium Saver Plan
AmFirst Insurance Company is headquartered in Ridgeland, Mississippi, and was founded in 1998. The company has experienced continuous growth since its inception and has established itself as a stable and secure provider, meeting the needs of its policyholders through various economic climates. AmFirst has expanded its market share year after year and has made significant strides in the supplemental market.
The plan includes a supplemental deductible and coinsurance per insured, which must be fulfilled before benefits are paid out. Once the insured's deductible is met, the plan covers the costs outlined in the policy until payments reach the Maximum Benefit Amount. Typically, the Premium Saver Plan covers the same expenses as a major medical plan, excluding charges for professional fees in medical facilities or outpatient prescription drugs.
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AmFirst Life Insurance Company
The company's stability is further reinforced by its strong credit ratings. AmFirst Holdings, Inc., the insurance holding company of which AmFirst Life Insurance Company is a part, has received affirmations of its credit ratings by AM Best. This indicates the financial strength and credibility of the organisation. AmFirst Life Insurance Company's specific credit rating outlook is stable, reflecting its reliable financial position.
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AmFirst's claims process
AmFirst Insurance Company recommends letting the provider file the claim, as it is the easiest and best way to receive benefits. Most providers will file the claims as benefits are paid to the provider. The guidelines and claims assistance phone number are printed on the cardholder. If the insured chooses to file their Premium Saver claim, no claim form is required. Instead, follow these steps: the insured's claim is filed against their major medical carrier.
Please make sure you give the provider your Premium Saver insurance card when you give them your major medical card. MWG Administrators will send insurance cardholders for each employee. Please put your Major Medical and Premium Saver insurance cards in the cardholder and present the cardholder to the provider. Providers ask for proof of secondary insurance, the Premium Saver is your secondary insurance.
If the insured sends documentation showing they have paid the provider along with the EOB and the provider statement, AmFirst will pay the benefit to the insured. Claims info can be sent to MWG Administrators via mail or phone.
- Claim Submissions by Mail: MWG Administrators Claims Department P.O. Box 16708 Jackson, MS 39236
- Claims Assistance: (888) 888-2519
- Customer Service: (888) 859-3795
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AmFirst's history and growth
AmFirst Insurance Company is headquartered in Ridgeland, Mississippi, with administrative offices in Jackson, Mississippi, and Oklahoma City, Oklahoma. The company was created in 1998 and has experienced continuous growth since then. AmFirst is a member of the AmFirst Holdings Group, which includes subsidiaries such as AmFirst Specialty Insurance Company, AmFirst Life Insurance Company, and New Providence Life Insurance Company.
AmFirst has demonstrated financial stability and strength over the years, earning excellent credit ratings and affirmations from AM Best. The company has also expanded its business through acquisitions. In 2015, AmFirst Insurance Company acquired New Providence Life, based in Nassau, Bahamas, and TPM Life, based in Lancaster, PA. AmFirst's commitment to innovation and customer service has contributed to its growth, as it strives to provide valuable and affordable healthcare solutions.
AmFirst has a strong presence in the supplemental market and has consistently increased its market share. The company offers a range of insurance products, including the Premium Saver Plan, which is approved for sale in states like New Mexico. AmFirst's insurance services extend beyond Mississippi, with a license to operate as a life and health insurer in Missouri as well. The company's claims process is well-defined, with dedicated mailing addresses and contact numbers for efficient handling.
AmFirst's growth is further evident through its expansion into new corporate headquarters. In 2018, AmFirst Life Insurance Company, a member of the AmFirst Insurance Group, began operations in the new Morgan White Group corporate headquarters in Ridgeland, MS. This move reflected the company's success and need for larger or more specialized facilities to accommodate its expanding business. AmFirst's commitment to providing innovative insurance products and superior personal service has contributed to its growth and stability over the years.
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Frequently asked questions
AmFirst Insurance Company, PO BOX 16708, Jackson, MS 39236.
AmFirst Insurance Company has been assigned an A- (Excellent) financial strength rating by AM Best.
AmFirst Insurance Company has been assigned a stable credit rating by AM Best.
The phone number for claims assistance is (888) 888-2519.
