News & Insights

27 Sep 2022

Pan-American Life Insurance Group Introduces Gap Supplemental Medical Expense Insurance

Pan-American Life Insurance Group, in partnership with Surety Marketing & Consulting Services LLC, has introduced Gap Supplemental Medical Expense Insurance, an employee benefits product solution that is in high demand in today’s marketplace.  

Pan-American Life’s premier gap product is designed to help offset the out-of-pocket expenses that may be incurred under a high deductible Major Medical plan. Gap insurance can bridge the gap by reimbursing the clients for eligible deductibles, coinsurance, and copays. Pan-American Life leveraged Surety Marketing’s expertise in developing the product’s attractive features.  

We recognize that out-of-pocket medical expenses can still be prohibitive for employees with coverage through their place of work,” said Michael Clarke, Sales Vice President, Accident and Special Markets Practice Leader at Pan-AmericanLife Insurance Group.Pan-American Life’s gap product, combined with a high deductible Major Medical plan, adds value to employees’ benefit package offerings while providing considerable savings for employers.”  

Surety is excited to partner with Pan-American Life’s US Group division on this program,” said Woody Sprouse, Chief Marketing Officer, Surety Marketing & Consulting Services. “We anticipate a very positive reception of what we feel is a competitive offering in this valuable space.” 

This plan, which is initially available in AL, AR, AZ, GA, LA, MI, MS, NC, PA, SC, and TN, will be issued by Pan-American Life Insurance Company (PALIC) and administered by Administrative Concepts, Inc. (ACI), an organization with extensive experience in Fully Insured and Self-Insured Employer Benefit Plans.  

For more information on Gap Supplemental Medical Expense Insurance and how to request a quote, please contact Michael Clarke at: (302) 690-8059 or 

About Pan-American Life Insurance Group

Pan-American Life Insurance Group (PALIG), a leading provider of life, accident and health insurance throughout the Americas, has been delivering trusted financial services since 1911. The New Orleans-based Group is comprised of more than twenty-member companies, employs more than 2,100 worldwide and offers top-rated individual and/or group life, accident and health insurance, employee benefits and financial services in 49 states, the District of Columbia (DC), Puerto Rico, the U.S. Virgin Islands, and throughout Latin America and the Caribbean. The Group has affiliates and branches in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, and 13 Caribbean markets, including Barbados, Cayman Islands, Curacao and Trinidad and Tobago. For more information, visit the Pan-American Life website at palig.comfollow us on Facebook @PanAmericanLifeTwitter @PanAmericanLifeInstagram @panamericanlife.latam, and connect with us on LinkedIn at Pan-American Life Insurance Group.