Rancho Mirage, CA, Oct. 18, 2012 (GLOBE NEWSWIRE) -- "Newborn Twins Insurance is a critical need in the fertility insurance marketplace," stated Trish Taylor, President and Founder of New Life Insurance Agency. "Parents around the world are suffering financially today, and this insurance provides them protection and peace of mind in the event of premature birth and other medical costs associated with newborn twins."
New Life Agency's Newborn Twins Insurance is the only plan of its type in the world, made possible by the company's longstanding relationship with the world's specialist insurance market. The plan provides coverage for twins born to parents who do not qualify for U.S. based medical insurance as non-residents. The $50,000 premium buys $1 million worth of coverage, with a $50,000 deductible. The deductible is fully refundable once all deductible claims are paid for the twins medical expenses.
"There has been a definite need for twins coverage in the marketplace as more and more global parents choose twin births as a means to expand their families," said Gary Hickox, CEO of New Life Agency. "We listened to the marketplace and have developed a specific insurance targeted to meeting the needs of those parents and their babies worldwide."
Top U.S. and global surrogacy agencies are enthusiastic about the latest New Life fertility insurance breakthrough.
"This twins insurance plan is exactly what we've been asking New Life to create. We are thrilled with this new product and will strongly recommend it to all of our new parents expecting twins."
Stuart Bell, CEO
"Once again New Life has recognized a need and offered the right product. We are pleased that parents have the option to minimize the potential burdensome costs of twins at an affordable price. We will recommend this product to our parents. Thank you New Life."
Karen Synesiou, Co-Owner, Co-Director
Center for Surrogate Parenting
"This twins insurance plan adds another layer of protection for individuals embarking on reproductive journeys in the United States. We are pleased that New Life has expanded their insurance offerings to give our clients a breadth of choices in this ever changing market."
Melissa Brisman, Owner
In addition, New Life Agency announced today additions to their global single-baby insurance, as well.
- The International Newborn Care Plan® - Platinum: $500,000 coverage for a premium of $50,000
- The International Newborn Care Plan® - Gold: $250,000 coverage for a premium of $25,000
- The International Newborn Care Plan® - Silver: $100,000 coverage for a premium of $10,000
(New Life's original coverage plan now christened as the Silver Coverage)
All of the International Newborn Care Plan polices for single babies carry a $15,000 deductible. Just as with the twins insurance and the current International Newborn Care policy, the deductible is fully refundable once all deductible claims are paid for the babies medical expenses.
Prospective parents can buy New Life's singleton or twins coverage, and if there is a change in the status of the pregnancy, can transfer to the appropriate plan.
"New Life is the only insurance agency specializing in Assisted Reproduction Insurance®," said Hickox. "These plans join our broad array of cutting-edge insurance programs, available today by speaking with New Life policy coordinators. These new products follow our recent industry-shaking price cuts. Though we had not increased premiums and deductible in four years, we announced savings of more than 20% on our most popular plans - while medical costs increased a total of 65%. This strongly demonstrates how committed we are to continue leading the way in providing truly revolutionary solutions to support people in expanding their families."
New Life's newborn twins and singletons medical coverages will be unveiled on October 22nd, 2012 at the 68th Annual American Society for Preproduction Medicine (ASRM) Conference in San Diego. ASRM is a multidisciplinary organization dedicated to the advancement of the art, science, and practice of reproductive medicine.
To find our more about New Life Agency's groundbreaking array of Assisted Reproduction Insurance® products and programs, visit www.NewLifeAgency.com.
About New Life Agency, Inc.
New Life Agency provides Assisted Reproduction Insurance® for maternity, in vitro fertilization complications, intended parents, surrogates, egg donors and professional liability exclusively to the assisted reproduction medical industry since 1998. In 14 years, New Life has helped parents welcome over 1,700 babies into their families and have processed over 100,000 claims and paid over $20,000,000 in benefits. New Life Agency is a fully licensed Surplus Lines Company in most states as a Lloyd's of London Coverholder and underwriter offering insurance products secured and "A" rated superior security by A.M. Best, financial size XV (excess of two billion dollars). New Life Agency is a licensed full service health claims Administrator/TPA providing benefit administration services for employer groups and customer care and claims handling services exclusively to New Life Agency, Inc. New Life Agency Claims Division is dedicated to providing World Class Customer Care in claims management and administration. New Life is located at 41-750 Rancho Las Palmas Drive, Suite F-1 in Rancho Mirage, CA. For more information: 877-952-(LIFE)5433 or www.NewLifeAgency.com
CONTACT: Lisa S. Herman firstname.lastname@example.org 760-409-3086
Source:New Life Agency