LifeSecure Long Term Care Insurance Review


Rating: 5.7 / 10 (Average)
Disclosure: We receive advertising revenue from some partners. 
Learn more.
LifeSecure is a long term care provider and wholly owned subsidiary of Blue Cross Blue Shield of Michigan. The company offers coverage for a variety of long term care services including home care, assisted living facilities, nursing home and informal care. It offers flexible benefit options that allow policy holders to determine their monthly benefit amount.

How is LifeSecure rated?

Breakdown

5/10
Claims & Benefits
5/10
Policies & Coverage
6/10
Financial Strength
8/10
Reputation

Overall Rating: 5.7 / 10 (Average)

LifeSecure offers customers flexible options to personalize their own policies. However, they lack positive reviews, and their financial strength is undermined by their inexperience in the market.

Policies & Coverage

Policies & Coverage - 5 / 10

LifeSecure offers several policy options, with all standard types of care available. Popular riders are available, such as shared care, in which a couple can share maximum lifetime amounts, and inflation coverage.
Policy Types
Individual / Standard
Group
Tax Qualified
Types of Covered Care
In-Home Care
Assisted Living / Adult Day Care
Nursing Home
Hospice Care
Medical Help Systems
Facility Coverage
Any Facility
Available Policy Riders
Inflation Protection
Shared Care
Waiver of Premium
Nonforfeiture
Available Discounts
Partner / Household

Inflation Protection

An automatic 3% or 5% compound increase to the current Maximum Monthly Benefit each year. Increase is still active even after benefits start.

Claims & Benefits

Claims & Benefits - 5 / 10

LifeSecure offers a wide range of benefits. Customers can choose lifetime benefit amounts between $100,000 and $1 million. Maximum monthly benefits are calculated as a percentage of the lifetime benefit. Customers can select 1%, 2% or 3% of the lifetime benefit amount.
Maximum Daily Benefit Limit
$1 per day
Lifetime Benefit Period
10 years
Unlimited Lifetime Benefit Period?
No
Elimination Period
90
Eligibility Requirements
Activities of Daily Living Limitations

Financial Strength & Ratings

Financial Strength - 6 / 10

LifeSecure is a relatively young company, having been founded in 2006. As such, they have not yet been rated by the top rating companies in the U.S.
Underwriter
LifeSecure Insurance Company
*The above information reflects the financial strength of the underwriter of the LifeSecure long term care insurance policies: LifeSecure Insurance Company.

LifeSecure Reputation

Reputation - 8 / 10

LifeSecure has no online reviews, which in conjunction with their short time in business, makes it hard to determine their reputation with any degree of certainty.
BBB Rating
NR
Number of BBB Positive Reviews
0
Number of BBB Neutral Reviews
0
Number of BBB Negative Reviews
0
Date Collected
2017-12-18

Contact & Additional Information

Company Type
Underwriter
Year Founded
2006
Homepage URL
Company Phone
(866) 582-7702
Headquarters Address
10559 Citation Drive, Suite 300, Brighton, MI, 48116
Mailing Address
10559 Citation Drive, Suite 300, Brighton, MI, 48116

Leave a comment for LifeSecure Long Term Care Insurance
Minimum 2-3 sentences.
 No maximum length.
* What's Your Rating?
To make this comment as helpful as possible for our community, please provide at least 2 sentences.

Customer Comments & Reviews

Loading Reviews ...
J
jonathan t
Spring, Texas
9/3/2016
An absolute fantastic company. Nobody gets a policy out faster or responds quicker to needs.



Top Rated
Our Partner
9.8 / 10
  • Rated A+ by the BBB
  • Monthly cash benefits for spousal home care
  • Nationwide network of agents
  • Affiliated with top long term care carriers
  • Choose between multiple long term care insurance policies