Texas Department of Insurance Logo
333 Guadalupe St. P.O. Box 149104 Austin, TX 78714-9104

LIFESECURE INSURANCE COMPANY

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Table of Contents
General Info | Contact Info | Types of Insurance | Use of Credit | Attorney for Service | Ratings | Financial Info | Premiums | Complaint Ratios | Company History | Company Officers

General Information:

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Type of Entity:  Authorized Company (AUTH)
Status of TX License:  Active
Company Status:  Normal Operations
License Number:  83400
License Type:  Life (LI)
NAIC Number:  77720
TDI Company Number:  83400
FEIN:  750956156
Home City/State:  MI
Origin:  Foreign
Date Incorporated/Organized:  06/11/1954
Date Licensed/Eligible/Registered in Texas:  07/21/1954
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  10559 Citation Drive Suite 300
 Brighton MI 48116
Office Number:  (810)220-7700
Toll Free Number:  (866)582-7702
Fax Number:  (810)220-7707


Types of Insurance Licensed to Write:

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Use of Credit:

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To determine if a company uses credit information for private passenger automobile or homeowners insurance.


Attorney for Service:

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Rating By Financial Organization:

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The following organizations rate insurance companies on their financial strength and stability. Some of these companies charge for their services.



Financial Information:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Total Assets   $148,262,164     $174,904,319     $189,749,288  
Total Liabilities   $122,297,008     $151,133,097     $169,516,840  
Asset to Liability Ratio   1.2     1.1     1.1  
Capital   $2,500,017     $2,500,017     $2,500,017  
Net Surplus   $23,465,139     $21,271,205     $17,732,431  
Total Life Ins   $788,057,000     $744,546,000     $701,617,000  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   $4,500,948     $4,646,544     $4,418,044  
Accident and Health   $263,576     $437,442     $727,836  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $4,764,524     $5,083,986     $5,145,880  
National Premium   $13,176,521     $15,144,935     $19,668,308  


Complaint Information:

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When considering the company's complaint index and ratio, be sure to review the company history information displayed below for recent acquisitions, mergers, or other events that may affect the figures displayed for this company.


  Dec 31, 2012 Dec 31, 2013 Apr 11, 2014
Confirmed Complaints:      
Life and Annuity 1 0 1
Accident and Health 0 1 0
Homeowner 0 0 0
Automobile 0 0 0
Workers' Compensation 0 0 0
Complaint Ratio/Index Ratio Index Ratio Index  
Life and Annuities .0079 15.5199 .0000 .0000 N/A
Accident and Health .0000 .0000 .0617 23.0254 N/A
Homeowner N/A N/A N/A N/A N/A
Automobile N/A N/A N/A N/A N/A
Workers' Compensation N/A N/A N/A N/A N/A

Confirmed Complaints: the number of confirmed complaints closed against the company for the line of insurance and year indicated. A complaint is confirmed if the department receives information indicating that a company committed any violation of an applicable state insurance law or regulation, a federal requirement the department has authority to enforce or the term or condition of an insurance policy or certificate. A complaint is also confirmed if the complaint and company's response, considered together, suggest that the company was in error or that the complainant had a valid reason for the complaint.

Complaint Ratios: the ratio, expressed as a percentage, is the number of closed confirmed complaints divided by the number of policies the company had in force for the line of insurance and year indicated.

Complaint Index: indicates how a company's ratio of the number of complaints to the number of policyholders compares to the average for all insurers. The index is calculated by dividing the company's percentage of complaints for a specific line of insurance by the company's percentage of the policies in force for the same line of insurance. The average index is 1.00. A number less than 1 indicates fewer complaints than average; a number greater than 1 indicates more complaints than average. For the most recent completed year, a given insurer's index may change over time, as policy count data is received by TDI. This will affect each insurer's percentage of the total.

Complaints against an insurance company are not part of the complaint tally above if the insurance company served only as a Third Party Administrator (TPA), a company hired simply to administer the paperwork of a health plan. Instead, they are included in the complaint record of the insurance company or HMO that hired the TPA. If a bonafide self-insured benefit plan hired the TPA, no complaint numbers are recorded as a part of the company/TPA's profile. Neither are profiles available for self-insured plans, as such plans are regulated under federal law.


Company History:

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Date Event
08-28-2007 FORMERLY: COLUMBIA UNIVERSAL LIFE INSURANCE COMPANY
03-30-2007 REDOMESTICATED FROM AUSTIN, TEXAS TO BRIGHTON, MICHIGAN BY WAY OF CHARTER AMENDMENT.
12-05-2006 APPROVED ACQUISITION BY LIFESECURE INSURANCE COMPANY, BRIGHTON, MICHIGAN
01-21-2005 ARTICLE 1.28, TEXAS INSURANCE CODE, TO CHANGE THE LOCATION OF THEIR BOOKS AND RECORDS OUT OF TEXAS WAS APPROVED
10-15-2004 APPROVED ACQUISITION BY VERDE FINANCIAL CORPORATION, AN ARIZONA CORPORATION.
11-29-2001 ARTICLE 1.28, TEXAS INSURANCE CODE, WAS APPROVED TO MOVE THEIR BOOKS AND RECORDS OUT OF TEXAS
10-08-2001 WITHDREW FROM WRITING ALL LINES OF INSURANCE IN TEXAS. COMPANY MAY NOT RE-ENTER MARKET FOR THESE LINES WITHOUT PRIOR APPROVAL UNTIL 10/08/2006.
09-29-1999 APPROVED ACQUISITION BY THE ALLSTATE CORPORATION, A DELAWARE CORPORATION AND A.P.L. ACQUISITION CORPORATION, A DELAWARE CORPORATION.
02-27-1997 APPROVED ACQUISITION BY AMERICAN HERITAGE LIFE INSURANCE COMPANY (03090) JACKSONVILLE, FLORIDA
11-28-1994 EFFECTIVE 06/20/1991 REINSURED MIDWEST LIFE INSURANCE COMPANY, THE (86070) METAIRIE, LOUISIANA
10-04-1994 EFFECTIVE 05/01/1994 PARTIALLY REINSURED BY MEGA LIFE AND HEALTH INSURANCE COMPANY, THE (49010) OKLAHOMA CITY, OKLAHOMA.
06-30-1994 FORMERLY: HILL COUNTRY LIFE INSURANCE COMPANY
COLUMBIA UNIVERSAL LIFE INSURANCE COMPANY (06136) AUSTIN, TEXAS AND HILL COUNTRY LIFE INSURANCE COMPANY OF MONTANA, HELENA, MONTANA NOT LICENSED IN TEXAS MERGED INTO COMPANY AND IMMEDIATELY CHANGED NAME TO COLUMBIA UNIVERSAL LIFE INSURANCE COMPANY.
03-14-1991 EFFECTIVE 01/01/1991 PARTIALLY REINSURED AMERICAN INDEPENDENCE LIFE INSURANCE COMPANY (50525) JEFFERSON CITY, MISSOURI.
12-31-1990 EFFECTIVE 12/31/1990 HILL COUNTRY LIFE INSURANCE COMPANY (39680) AUSTIN, TEXAS MERGED INTO HILL COUNTRY LIFE INSURANCE COMPANY OF TEXAS, AUSTIN, TEXAS AND IMMEDIATELY CHANGED NAME TO HILL COUNTRY LIFE INSURANCE COMPANY COMMISSIONER'S ORDER NO. 90-2060 DATED 12/27/1990.
12-30-1983 GRAND LIFE INSURANCE COMPANY, PHOENIX, ARIZONA NOT LICENSED IN TEXAS MERGED INTO COMPANY.
06-02-1981 FORMERLY: TRANS-TEXAS LIFE INSURANCE COMPANY HYE, TEXAS. (04752)
07-21-1954 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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Title Name
President EVA L WENDT
Secretary SARILYN HOGAN
Treasurer STEPHEN H KELLAR