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A subsidiary of Security American Financial Enterprise (SAFE),
Security Life Insurance Company of America has a long and successful
history in the dental and vision marketplace. The company has just
below a billion dollars in life insurance in force and 150 million
dollars of gross premium income. In business for more than 40 years,
the company has created a niche for itself especially in the dental
market, administering their various plans through affiliates and
third party partners. Vision package is a recent addition, but has
met with considerable success along with its life insurance plans.
Security Life’s dental benefits business involves nearly 50
million in-force dental premium. The company offers full-service
solutions to the standard dental and vision insurance riders from
other companies. The key to its success is a sound investment policy
following which it only invests premium dollars into conservative,
but profitable, high-grade bond, residential mortgages and cash
Security Life offers a number of dental and vision plans for members.
These dedicated plans are provided by Stars Dental, which services
PrimeStar Personal Dental Plans and GemStar Group Dental and Vision
Plans. Dental plans can be used by businesses and families; vision
riders are economically scaled for the convenience of small businesses.
Employers can choose between partial plan payment and voluntary
policies that are paid in full by the employees. Plan benefits can
be had as dental-only or dental-plus vision, and vision is a rider
only. Small businesses employing 1-99 people can be members of the
Included in basic dental services are X-rays, tooth extraction,
fillings, and a few oral surgeries. Also covered are preventive
treatments like routine six month exams and cleaning. Important
services include denture and bridge repairs, periodontal and endodontic
work, and crown replacement.
There are three dental pricing levels called Secure, Select, and
Premier. All expenses are reimbursed based on a Reasonable and Customary
(R&C) scale, which takes into account competitors' rates by
region. Rates usually go up for people above 65. Members can choose
the licensed vision provider of their choice. Coinsurance levels
automatically go up with each year of coverage. Rates are steady
for the first year, but may go up in six month increments, following
the initial signup period. Dental premiums depend on both age and
region. Under the Competitor Smile dental plan, exclusions include
orthodontics, loss or stolen appliances, full replacement of any
repairable dental product, and home treatments for fluoride plaque
Businesses having 2-99 employees are eligible for vision care coverage.
The package includes full coverage of an annual eye exam that does
not cost more than $50, with no deductible. It provides complete
coverage on contact lenses, glass lenses, and frames every two years.
For contact lenses, the payout is $100, single lenses ($50) and
frames ($50) for a total of $100, bifocal lenses ($50) and frames
($50) for a total of $100, trifocal lenses ($90) and frames ($50)
for a total of $140, and lenticular lenses ($100) and frames ($50)
for a total of $150. Most leading retailers are part of the vision
network, along with approximately 32,000 independent eye specialists.
One can get dental and vision plans in all states except Connecticut,
Florida, Maine, Massachusetts, New Hampshire, New Jersey, New York,
Rhode Island, South Dakota, and Vermont.
The address of the company:
Security Life Insurance Company of America NAIC# 68721, 10901 Red
Circle Drive, Minnetonka, Minnesota 55343-9137, (952) 544-2121 …
Toll-Free (800) 328-4667 … Fax (952) 945-3419.