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Security Health Insurance Company of America

A review of the Security Health Insurance Company of America finds instead the Security Life Insurance Company of America, a 55 year-old insurance company based in Minneapolis, Minnesota. Security Life Insurance Company provides secondary insurance products, such as dental and vision coverage, along with life insurance and disability plans.

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Security Life Insurance Company of America is licensed to sell its products to consumers and companies in all 50 states. It doesn’t sell directly to individuals but, rather, through a mix of distribution partners such as:

  • Independent agencies
  • HMOs
  • Insurance companies
  • Third-party administrators

If you are interested in Security Life insurance, speak to your employer or independent insurance agent.

Security Life Insurance Company of America Contact Information

If you need to mail a claim to Security Life Insurance Company of America, you can send it to:

10901 Red Circle Drive
Minnetonka, Minnesota 55343

Alternatively, you may email the company at [email protected]. Be sure to include your policy number and phone number so that the appropriate representative can get back to you. You can also call and speak to a representative by dialing toll-free, 1-800-328-4667.

Security Life Insurance Company of America Products

Under its PrimeStar, GemStar, FiveStar, and Premier Choice plans, Security Life Insurance Company of America offers a variety of products such as:

  • Personal dental
  • Group dental
  • Group vision
  • Group life
  • Short-term disability
  • Long-term disability

The company’s new FiveStar plan, which was introduced in August 2011, is a multi-line package encompassing five products:

  • Life
  • Vision
  • Dental
  • Short-term disability
  • Long-term disability

FiveStar serves as an easy, off-the-shelf solution for companies and employers looking for an optional benefits insurance package to offer their employees. It is currently available to brokers in 26 states.

Security Life Insurance Company of America Careers

If you are looking for a job with Security Life Insurance, you can find information by clicking the “Careers” tab of the company’s website. At the time of this writing, there are two job opportunities with the company: product actuary and vice president of information technology. Both are in Security Life Insurance’s Minnesota headquarters.

There is nothing on its website to explain the job benefits that Security Life Insurance Company of America offers to its employees. Generally, these types of companies have benefits that include:

  • Health insurance
  • Life insurance
  • Dental and vision plans
  • Short and long-term disability plans
  • Accidental death and dismemberment coverage
  • 401(k) plans with or without partial company match
  • Flexible healthcare savings accounts
  • Paid personal, vacation, and sick days

Some insurance brokers and administrators also offer to their staff an assortment of:

  • Health and wellness benefits
  • Tuition assistance
  • Counseling
  • On-site nutrition guidance

Security Life Insurance Company of America Agents

Security Life Insurance Company of America welcomes individuals looking to become agents for the company. If you’re interested, you first have to fill out and return the company’s Agent Appointment Packet, which can be found under the “Agents” tab on the company website. The forms are extensive, but clearly stated, and include information about Security Life’s commission payout.

In addition to the standard commissions paid on products sold, Security Life Insurance is currently running an agent incentive program called “SparkSuccess!” SparkSuccess is a cash bonus program for agents that further reward them when they sell new group product lines and/or personal dental plans. The SparkSuccess incentive plan is in addition to an agent’s usual commission payout.

Security Life Insurance Company of America Ratings

The insurance industry-rating provider A.M. Best Company has given Security Life Insurance Company of America a financial strength rating of “B++” or “Good.” A.M. Best believes that Security Life Insurance’s outlook is stable, and has given the company long-term issuer credit rating of “bbb,” which is also “good.”

In addition, Standard & Poor’s traditionally rates the company’s life insurance portfolio “A-.” This means that Standard & Poor’s believes that Security Life Insurance Company of America has a “strong capacity” to meet its financial commitments.

These ratings from A.M. Best and Standard & Poor’s point to Security Life Insurance being able to pay any claims submitted by customers well into the future. When you’re choosing a health insurance, or any type of insurance provider, you want to make sure that the company will still be in business in the years to come. That way you don’t spend years paying your premiums, only to have the company out of business when it comes time for you to file a claim.

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