United Security Insurance Company
United Security Insurance Company
6640 S Cicero Ave.
Bedford Park, IL 60638
United Security Life and Health was established and founded in 1973. This company is one of the leading regional insurance carriers that offer life, health, cancer and insurance products to families and individuals. The country is currently licensed to operate and market its products and services in six states namely Arkansas, Arizona, Indiana, Illinois, Missouri and Nebraska. United Security Life and Health Company also offers life and health insurance as well as disability and supplemental sickness coverage. The company offers additional products such as E-Z Life Final Expenses Plan, Short Term Major Medical, First Step Children’s Whole Life Plan, First Benefit Cancer, Income Security-Disability Insurance, and Critical Illness coverage.
The company’s steady growth in numbers is the result of consistent and unwavering service, high quality products and competitive rates. United Security Life and Health remains focused on providing the basic needs of individual health insurance customers. The company writes its health insurance plans based on its philosophy of “Common Sense Writing.” They have found success in its knack of providing exceptional customer service. USL&H is able to respond quickly and efficiently to all customer and agent questions and inquiries. With over 46,000 policyholders today, United Security Life and Health still provides that extra attention and care as you would expect from a local office. The Company boasts of highly skilled, well-versed and competent employees and agents that provide individual customers with the information and guarantee they need. The Company believes that this personalized method of underwriting and serving their policyholders will eventually lead to their continued success in the coming years.
Unlike the many health insurance providers who have exited the insurance industry due to the increasing cost of healthcare and other health care reform issues, United Security Life and Health remains committed to serving the individual health insurance market by offering comprehensive yet affordable health plans tailor fit to meet health insurance needs of individuals, groups and families.
In 2006, United Security Life and Health was named to Crain’s Chicago Business list of 20 Top Health Insurers in the Chicago area.
In May 2010, A.M. Best Co provided United Security Life and Health Insurance Company a “D” (Poor) FSR (Financial Size Category) rating and ICR (Issuer credit Rating) rating of “c”. Both ratings were given negative outlook. According to A.M Best Co., the ratings reflect the continued decline in USL&H’s risk-based capital position caused by significant operating losses. Furthermore, a big portion of the company’s capital and surplus is represented by common and preferred equities. Additional losses in these holdings could further deteriorate. However, based on the Better Business Bureau files, the company has a BBB Rating of A+ on a scale from A+ to F.
United Security Life and Health firmly believes that their key element in their formula for success is their people. The Company has high expectations to all of their colleagues, agents, brokers and employee which the Company believes to be the main reason why their ever growing list of customers always finds the people who represent the Company to be knowledgeable, skilled and caring in helping them solve their problems.
Sandra J. Horn is the President of United Security Life and Health. Peter Harmon serves as the Company’s Senior Vice-President.