Standard Security Life Insurance Company of New York (Standard Security Life) is a wholly owned subsidiary of Independence Holding Company, (NYSE:IHC) with principal interests in the life and health insurance business. Also in The IHC Group are Madison National Life Insurance Company, Inc. and Independence American Insurance Company. The IHC Group has consolidated assets of more than one billion dollars, as of June 2010.
Standard Security Life was founded in 1958, is domiciled in the State of New York, and is headquartered in New York City. It is licensed in all 50 states, the District of Columbia, the Virgin Islands, and Puerto Rico. Standard Security Life is rated A- (Excellent) by A.M. Best Company, Inc.
Standard Security Life provides various lines of life, health and disability insurance, including:
Employer Medical Stop-Loss
Disability Benefit Law (DBL), a short-term statutory disability product required for most employers in the State of New York
Small Group Major Medical (2-50 lives)
Individual and Group Dental and Vision
Individual accident and health insurance
Group term life
Specialty programs designed for Volunteer Emergency Service Personnel including group life insurance and service awards programs
Short-term medical The IHC Group
The IHC Group is an organization of affiliated insurance carriers, marketing and administrative companies and agencies dedicated to delivering insurance solutions to groups and individuals. The IHC Group is composed of Independence Holding Company (NYSE:IHC), American Independence Corp. (NASDAQ:AMIC), Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc., Independence American Insurance Company and their respective operating subsidiaries. With more than $1.3 billion in total assets, the companies in the IHC Group have been providing health, life and stop-loss insurance for nearly 30 years.