BCS Life Insurance
BCS Life Insurance
2 MidAmerica Plaza, Ste. 200
Oakbrook Terrace, IL 60181
If you are an employee of Blue Cross Company and part of your responsibility involves traveling, then you should be familiar with BCS Life Insurance.
BCS Life Insurance is one of the two for-profit insurance companies having a diverse product line that comprises Illinois-based BCS Insurance Group. The firm offers three kinds of insurance: accident, health and life plans. It offers life and health plans within the United States. At the same time, it also provides a stop loss program for HMOs, business markets, and others.
In addition, the company offers professional liability plans for directors and officers, and manages errors and omissions in care and insurance programs. Likewise, it also offers e-commerce endorsements; travel protection that encompasses death and dismemberment; group travel for employees belonging to Blue Cross and to Blue Shield Plans; and flexible life and health insurance to plan employees together with their families.
Operating in all 50 states and the District of Columbia, BCS Life Insurance is managed by BCS Insurance and operates under the guidance of BCS Financial Corporation. The company’s annual sales are valued at $10-$20 million; its employee population at its headquarters is estimated at 95. The BCS group is afforded an “A” or excellent rating by A.M. Best Company.
As of December 31, 2009, BCS Life Insurance listed $181,394,365 in total assets and $100,828,369 in total liabilities — a ratio of 1:8. The capital is listed as $2,500,000.
BCS Life Insurance was incorporated in Delaware, and has been operating for 25 years. The company is headed by its president and chief executive officer Scott Beacham, who also leads BCS Financial Corporation.
The company upholds the same mission of the whole BCS group, which is to create and provide products that will fulfill the needs of the Blue Shield and Blue Cross plans, and to grow into selected commercial markets while maintaining shareholder value.
In this capacity, BCS Life Insurance takes part in becoming the problem solver for Blue Cross and Blue Shield plans, and continues to create programs that can directly address the risks that are associated with insurance requirements of plan agents, providers, and employees.
At the same time, BCS Life Insurance also operates to provide the same service to selected affiliate commercial markets. In order to overcome the constraints that are imposed by regulatory, rating and other factors related to the business, the company also ventures in partnerships with selected organizations.
If you are searching for an insurance company that will provide you multiple protections and will safeguard your business or employment at the same time, then BCS Life Insurance may just be what you need. The company has a track record of doing good business and taking care of and giving protection to its policyholders like no other.