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Lifesecure Insurance Company

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Company Research Report: LifeSecure Insurance Company



Company Overview



  • Name: LifeSecure Insurance Company

  • Mission: To deliver a range of innovative, accessible insurance solutions designed to further protect customers and their families against health-related financial strain.

  • Founded: 2006

  • Founder: No information is available.

  • Key People:

  • Patrick Prichard - President & CEO

  • Debbie Marcum - Vice President of Operations & IT

  • Mike Troup - Vice President of Finance

  • Brian Vestergaard - Vice President of Product & Marketing

  • Jeffrey Young - Vice President of Sales

  • Board of Directors includes Joseph A. Garcia (Chairman) and others.

  • Headquarters: 53200 Grand River Avenue, New Hudson, MI 48165

  • Number of Employees: No information is available.

  • Revenue: No information is available.

  • Known For: LifeSecure is recognized for being a fresh voice in a traditional industry, providing insurance solutions that are easy to understand, effortless to buy, and simple to use. The company is noted for introducing cutting-edge products and fostering a dynamic workplace.


Products



1. Accident Insurance
  • Description: Provides added protection in case of an accidental injury.

  • Key Features: Personal accident insurance with accidental death benefits.


2. Critical Illness Insurance
  • Description: Offers added protection in the event of a serious disease.

  • Key Features: Financial support for severe illness-related expenses.


3. Hospital Indemnity Insurance
  • Description: Helps extend benefits if one is hospitalized.

  • Key Features: Customizable coverage to protect against financial stress from unexpected hospital stays.


4. Worksite Long-Term Care Insurance (LTCi)
  • Description: Assists in insuring the future while protecting assets.

  • Key Features: Supports planning for long-term care scenarios.


Recent Developments



  • New Products Launched:

  • New Hospital Indemnity Insurance was launched on July 27, 2023, to address out-of-pocket costs and financial stress linked with hospital stays.


  • New Features Added to Existing Products:

  • Enhanced accident insurance was introduced, expanding the personal accident product to include accidental death benefits.


  • New Partnerships:

  • Strategic partnership with iptiQ to launch simplified issue final expense and term life insurance products announced on July 27, 2021.


  • Appointments:

  • Jeffrey Young appointed as Vice President of Sales on December 12, 2023.

  • Patrick J. Prichard appointed as President and CEO on May 29, 2019.


  • Technological Advancements:

  • Launch of eQuote, a personalized remote quoting tool for supplemental health market, announced on October 14, 2020.


  • Corporate Response:

  • Implementation of business continuity plans amid the COVID-19 pandemic.


This report consolidates the available data on LifeSecure Insurance Company, focusing on its mission, leadership, products, and recent developments. It has been compiled without conjecture, strictly adhering to the information provided.