Orlando Harmon
ShelterPoint Life Insurance Company, founded in 1972, is New York's largest carrier of statutory short-term disability insurance. The company provides dental, excess medical reimbursement, and long-term disability insurance services. ShelterPoint is rated A- (Excellent) by AM Best, but it is not BBB accredited. It is licensed in 50 jurisdictions and insures more than 1.9 million members. The company offers 24/7 online claim reporting and access to claim information.
| Characteristics | Values |
|---|---|
| Year founded | 1972 |
| Location | 1225 Franklin Ave, Garden City, NY 11530-1691 |
| Phone number | (800) 365-4999 |
| Fax number | (516) 504-6412 |
| Service area | New York, Connecticut, New Jersey, Massachusetts |
| Number of employers served in New York | 184,000+ |
| Total number of members | 1.9 million+ |
| Ranking in New York | #1 in statutory short-term disability premiums |
| Nationwide ranking by NAIC | #6 in total short-term disability lives covered |
| AM Best rating | A- (Excellent) |
| BBB accreditation | No |
| Customer service | Phone, email, fax, Facebook, Twitter, LinkedIn, Instagram |
| Online claim reporting | Yes |
Explore related products
What You'll Learn
- ShelterPoint Life Insurance Company is rated A- (Excellent) by AM Best
- The company is not BBB-accredited
- ShelterPoint is New York's largest statutory short-term disability insurance carrier
- It is licensed in 50 jurisdictions and insures more than 1.9 million members
- ShelterPoint offers a broad portfolio of group benefits
ShelterPoint Life Insurance Company is rated A- (Excellent) by AM Best
ShelterPoint Life Insurance Company, formerly First Rehab Life, was founded in 1972 and is located in Garden City, New York. It is New York's largest statutory short-term disability insurance carrier and also provides dental, excess medical reimbursement, and long-term disability insurance services.
The A- (Excellent) rating indicates that ShelterPoint Life Insurance Company is in a strong financial position and has a positive reputation. AM Best's rating system takes into account both qualitative and quantitative measures of a company's ability to pay claims and meet its financial obligations. The A- rating is the fourth-highest rating in the AM Best ranking system, which ranges from A++ (the highest) to B+ in secure ratings, and B to S in vulnerable ratings, with the lowest indicating a suspended rating.
This excellent rating for ShelterPoint Life Insurance Company reflects the company's strong financial health and stability, providing confidence to consumers and investors alike. It suggests that the company has a positive ability to pay claims and meet its financial obligations to policyholders. This rating is particularly noteworthy considering AM Best's critical role in assessing insurance companies' creditworthiness and financial stability.
The Cost of Mortgage Life Insurance: What You Need to Know
You may want to see also
Explore related products
The company is not BBB-accredited
ShelterPoint Life Insurance Company, formerly First Rehab Life, was founded in 1972 and is headquartered in Garden City, New York. It is the largest statutory short-term disability insurance carrier in New York, serving over 1.9 million members. The company also provides paid family and medical leave coverage in New York, Massachusetts, and Connecticut.
While ShelterPoint has received high ratings from AM Best, indicating strong financial strength, it is important to note that the company is not BBB-accredited. BBB, or the Better Business Bureau, is a well-known and trusted source for consumers seeking information about a company's trustworthiness and reliability. To become BBB-accredited, a business must meet certain standards and pass a vetting process. This includes agreeing to BBB's Standards for Trust, which are designed to ensure that businesses operate with integrity and act in the best interests of their customers.
ShelterPoint's lack of BBB accreditation does not necessarily mean that it is not a trustworthy or reputable company. BBB accreditation is not mandatory for businesses, and some companies choose not to pursue it for various reasons. It may be that ShelterPoint has not sought accreditation because it believes it can maintain its reputation and customer trust through other means, such as providing quality insurance services and expertise in statutory benefits.
However, BBB accreditation can offer consumers additional peace of mind and assurance that a company has met certain ethical standards. It provides a layer of protection and trustworthiness, especially for industries like insurance, where consumers are placing their financial security and well-being in the hands of these companies. Consumers can rest easier knowing that a neutral third party has vetted the business and deemed it trustworthy.
Life Insurance Payouts: Taxable or Tax-Exempt?
You may want to see also
Explore related products
ShelterPoint is New York's largest statutory short-term disability insurance carrier
ShelterPoint Life Insurance, formerly known as First Rehab Life, was founded in 1972 and has since become New York's largest statutory short-term disability insurance carrier. Headquartered in Garden City, New York, ShelterPoint has established itself as a trusted and expert provider of statutory benefits, not only in New York but also in several other states along the East Coast.
The company's core product has been the New York Statutory Short-Term Disability (NY DBL) insurance, which they have offered for over 45 years. This deep expertise in statutory insurance coverage has helped them gain the trust of more than 184,000 New York employers, serving over 1.9 million members. ShelterPoint's strong financial rating and high ratings from AM Best attest to its financial strength and stability.
In addition to statutory short-term disability insurance, ShelterPoint offers a comprehensive range of group benefits, including dental, vision, hospital cash, medical gap, and long-term disability coverage. They also provide Paid Family and Medical Leave (PFL) solutions in New York, Massachusetts, Connecticut, and other states. ShelterPoint's commitment to compliance, coverage, and cost-effectiveness sets them apart, ensuring that employers can offer quality and reliable benefits to their employees while adhering to state regulations.
ShelterPoint's online presence is notable, with a user-friendly premium payment portal and a 24/7 online claims reporting system, enhancing accessibility and convenience for their customers. The company's dedication to innovation and customer satisfaction has solidified its position as a leading insurance carrier, not just in New York but across multiple states. ShelterPoint's expansion and diverse range of services continue to make it a prominent player in the insurance industry.
Suicide and Military Life Insurance: What's the Verdict?
You may want to see also
Explore related products
![Life and Health Insurance Study Cards: Life Health Insurance License Exam Prep with Practice Test Questions [Full Color]](https://m.media-amazon.com/images/I/51Pox87Z5lL._AC_UL320_.jpg)
It is licensed in 50 jurisdictions and insures more than 1.9 million members
ShelterPoint Life Insurance, formerly First Rehab Life, was founded in 1972 and is located at 1225 Franklin Avenue, Ste. 475, Garden City, NY. It has grown into New York's largest statutory short-term disability (NY DBL) insurance carrier, providing NY DBL for over 45 years. This has helped the company develop deep expertise in statutory insurance coverages, both within and outside New York State.
As a result of its expertise and presence in New York, ShelterPoint Life has expanded its reach and is now licensed in 50 jurisdictions across the United States. This expansion has allowed the company to insure more than 1.9 million members, a significant milestone.
The company's broad portfolio of group benefits includes dental, vision, hospital cash, medical gap, and long-term disability insurance, among others. ShelterPoint Life stands by a distribution model that exclusively uses independent agents and brokers to reach its customers.
ShelterPoint Life's success and growth can be attributed to its ability to help over 184,000 New York employers find the right balance between compliance, coverage, and cost for their statutory short-term disability and paid family leave (PFL) requirements. This deep expertise in statutory insurance has helped the company expand its reach beyond New York and into new markets across the country.
In 2014, ShelterPoint Life acquired ShelterPoint Insurance Company (formerly known as JM Insurance Company), a Florida-domiciled carrier. This acquisition further contributed to the company's expansion and ability to serve a diverse range of customers across multiple jurisdictions.
Understanding Impaired Risk Life Insurance Options
You may want to see also
Explore related products
ShelterPoint offers a broad portfolio of group benefits
ShelterPoint Life Insurance Company, formerly First Rehab Life, was founded in 1972 and has since grown into New York's largest statutory short-term disability insurance carrier. ShelterPoint offers a broad portfolio of group benefits, including dental, vision, hospital cash, and medical gap insurance.
The company's core product, New York statutory short-term disability insurance (NY DBL), has been offered for over 45 years, helping them develop deep expertise in statutory insurance coverages, both inside and outside New York State. ShelterPoint is licensed in 50 jurisdictions and insures more than 1.9 million members.
In addition to its broad portfolio of group benefits, ShelterPoint also provides ancillary employee benefits and New York Paid Family Leave (PFL). The company's distribution model relies exclusively on independent agents and brokers to cultivate relationships with clients and provide them with Paid Family & Medical Leave solutions.
ShelterPoint's team includes experts like Michael Tarola, GBA, who leads a team of Inside Broker Managers, leveraging his expertise in PFL to build relationships with brokers and clients in emerging markets such as Massachusetts, Connecticut, Colorado, Oregon, and New Jersey. ShelterPoint also prioritises inclusion and recognises the importance of Paid Family Leave in supporting women's careers and families.
The company's commitment to offering a comprehensive range of group benefits, along with their deep expertise and broad reach, makes them a trusted choice for employers and individuals seeking insurance solutions.
Life Insurance Broker: HIPAA Compliance and You
You may want to see also
Frequently asked questions
Shelter Point Life Insurance Co. is located at 1225 Franklin Ave, Garden City, NY 11530-1691.
Shelter Point Life Insurance Co. is rated A- (Excellent) by AM Best. The company has also been ranked #6 nationwide by NAIC in total short-term disability lives covered.
Shelter Point Life Insurance Co.'s main product is New York Statutory Short-Term Disability (NY DBL) Insurance.
Shelter Point Life Insurance Co. insures more than 1.9 million members.
