LifeCare Assurance Company of Arizona, headquartered in Tempe, Arizona, has been providing a diverse range of life insurance products and services since its establishment in 1985.
It is a licensed life insurance company in the state of Arizona.
The company’s offerings include:
|1845 W. Southern Ave., Suite 101, Tempe, AZ 85282
LifeCare Assurance Company Claims:
The company boasts an impressive claims ratio of 93%, surpassing the industry average of approximately 90%.
This is a positive indicator of the company’s commitment to promptly compensating policyholders.
One possible reason for the superior claims ratio is the company’s discerning underwriting practices.
This reduces the likelihood of insuring high-risk individuals prone to filing claims.
Another contributing factor to the company’s success is its efficient claims cost management.
This enables it to settle claims fairly and expediently while avoiding unnecessary expenses.
The company’s robust claims ratio reflects its financial stability and ability to fulfill its obligations to policyholders.
Additional Details about the Company’s Claims Process:
Policyholders can initiate claims through online, phone, or mail channels.
The company employs a dedicated team of claims adjusters responsible for investigating and resolving claims.
LifeCare Assurance Company strives to resolve claims within a 30-day timeframe from the date of submission.
Policyholders have the option to track the status of their claims online or by contacting the company’s customer service departments.
LifeCare Assurance Company Financial Details:
This rating underscores the company’s strong financial stability and its capacity to meet its obligations to policyholders.
The company boasts an impressive financial profile with over $4 billion in assets.
Over its operational history, The Company has administered more than $5 billion in total premiums and served in excess of 220,000 policyholders.
These financial indicators signify that the Company is a substantial and well-established insurance provider.
LifeCare Assurance Company Coverage Details
Term Life Insurance:
This coverage is effective for a specific duration, like 20 or 30 years, providing a death benefit if the policyholder passes away during the term.
It is a cost-effective choice often used to secure young families or cover mortgages.
Whole Life Insurance:
Providing lifetime coverage, this policy also accumulates cash value over time. Policyholders can borrow against or withdraw this cash value.
While more expensive than term life insurance, it offers the potential to build wealth.
Universal Life Insurance:
This flexible insurance type combines death benefits and cash value growth, allowing policyholders to allocate premiums according to their preferences.
It offers more flexibility than whole life insurance but is pricier than term life insurance.
Group Life Insurance:
Typically offered through employers or organizations.
It is a more affordable alternative to individual life insurance and is often provided as an employment benefit.
The Company provides various annuity options, including fixed, variable, and indexed annuities.
Fixed annuities guarantee interest rates, variable annuities offer potential for higher returns, and indexed annuities combine features of both.
LifeCare Assurance Company Riders:
The Company offers several riders that can be added to life insurance policies to enhance coverage and benefits, such as:
- Disability Riders: Offer coverage if the policyholder becomes disabled and unable to work.
- Accidental Death Riders: Provide an extra death benefit in the event of an accident.
- Child Riders: Extend coverage to the policyholder’s children.
It is essential for policyholders to carefully assess their requirements and consult a qualified insurance agent to select the most suitable policy and riders tailored to their individual needs..
LifeCare Assurance Company Careers:
- The Company currently has open positions for sales agents, customer service representatives, and underwriters.
- To explore job opportunities at LifeCare Assurance Company, please refer to the company’s careers page at https://www.indeed.com/cmp/Lifecare-Assurance-Company.
Online and Technological Features:
The company provides policyholders with a range of online and technological features, including:
- Online Policy Management: Policyholders can conveniently manage their policies online.
- Mobile App: The company offers a mobile app for on-the-go access and policy management.
- Online Claims Filing: Policyholders have the option to file claims through the company’s online platform.
- Electronic Payment Options: The Company offers electronic payment methods for added convenience
- LifeCare Assurance Company, headquartered in Woodland Hills, California, operates as a life insurance company.
- The company holds licenses to conduct business in all 50 states.
- The Company enjoys a Google Reviews rating of 4.5 out of 5 stars, reflecting high customer satisfaction.
- The company maintains an impressive claims ratio of 93%, indicating its commitment to paying out the majority of collected premiums to policyholders.
- A.M. Best has awarded LifeCare Assurance Company an A- (Excellent) financial strength rating, highlighting its sound financial standing.
- LifeCare Assurance Company provides a wide array of life insurance coverage options, including term life insurance, whole life insurance, universal life insurance, group life insurance, and annuities.
- The company is a subsidiary of 21st Century Life & Health Insurance Company.
- Policyholders can conveniently access their accounts by logging in at http://portal.lifeassure.com/.
- The Company is actively recruiting for various positions, offering career opportunities.
- The company offers policyholders a range of online and technological features, such as online policy management, a mobile app, online claims filing, and electronic payment options.
Content Writer, Insurance Insights
University of Texas
Insurance Writing, Risk Management, Claims Assessment, Customer Education
Eric White, a proficient Content Writer at Insurance Insights, brings a unique perspective to the insurance industry. With a solid foundation in insurance writing, risk management, claims assessment, and customer education, Eric plays a pivotal role in creating insightful and accessible content.
Having spent years exclusively writing for TripAdvisor, Eric possesses a deep understanding of how to communicate complex insurance concepts to a broad audience. His focus on customer education ensures that insurance information is not only accurate but also easily understandable for everyone.
Eric’s professional journey revolves around his commitment to the insurance sector. As the sole content contributor for TripAdvisor, he has successfully translated intricate insurance details into engaging and comprehensible content.
Based in Texas, Eric contributes significantly to Insurance Insights, leveraging his expertise to provide valuable insights into the world of insurance. His dedication to making insurance-related topics accessible sets him apart in the industry.
Eric White earned his educational credentials from the University of Texas, where he honed his skills and gained in-depth knowledge of insurance writing, risk management, and claims assessment. His commitment to staying at the forefront of industry trends ensures that he continues to be a valuable asset to the insurance field.
Eric has won various awards like
- Insurance Insight Pioneer Award:
- Acknowledging Eric’s groundbreaking work in transforming insurance writing and making it accessible to a wider audience.
- Customer Education Excellence:
- Recognizing Eric’s dedication to educating customers about insurance concepts, contributing to a more informed audience.
- Risk Management Luminary:
- For Eric’s outstanding contributions in the field of risk management, ensuring a comprehensive understanding of potential insurance risks.