Security Plan Life was incorporated in the State of Louisiana on October 24, 1995 and was subsequently issued a Certificate of Authority to transact business by the DOI on March 21, 1996.
Security Plan Life issues small face amount ordinary whole life and pre-need policies, designed to fund final expenses, primarily funeral and burial costs.
Security Plan Life focuses on the needs of the middle and lower income markets in Louisiana, Mississippi and Arkansas using the home service marketing distribution system of employee-agents who work a route system to sell policies and collect premiums and service policyholder.
Security Plan Life is the parent company of Security Plan Fire Insurance Company which sells limited-liability, named peril property policies covering dwelling and contents.
The attributes of Security Plan Life’s business include:
The attributes of Security Plan Fire’s business include:
Our policies have traditionally been sold and serviced through a home service marketing distribution system of about 240 independent agents as of December 31, 2020, who work on a route system and through over 175 funeral homes, all of whom sell policies, collect premiums and service policyholders.
Critical Illness Coverage
Assists in covering cost associated with treatment and diagnosis of a critical illness.
This product pays benefits directly to the policyholder to assist with added expenses in the event of a qualifying critical illness. The Critical Illness Coverage is unique in that a policyholder with a qualifying illness is directly paid benefits and decides where to spend the money – its uses are flexible and can be used for anything from medical deductibles to everyday expenses such as rent, food or childcare.
Security Plan Plus
Protects your family from the unexpected. Life insurance with a living benefit designed for all ages.
For more information about these and other products, contact us at hsmktg@citizensinc.com