Strong. Stable. Secure.
Senior Life Insurance Company was originally known as Provident Security Life Insurance Company. Provident Security was incorporated in 1970 and wrote policies to the employees of a trucking firm in Florida, Georgia, Louisiana, Mississippi, South Carolina, and Tennessee. In 2000, Dale and Ron Powell purchased Provident Security and changed the name to Senior Life Insurance Company. In late 2002 and early 2003, Senior Life began its first phase of expansion into Alabama, Delaware, the District of Columbia, Kentucky, Maryland, Missouri, Pennsylvania, and Texas. This expansion led to a premium and surplus growth of over 150% and 21%, respectively, in three years that ended December 31, 2005. In 2005, we could see that agents needed marketing options, so final expense telesales was born. Telesales has proven to be a great tool for increasing production. Telesales centers have developed around the country and are a driving force to Senior Life’s continued growth. In addition, we are also licensed in Alaska, Arizona, Arkansas, California, Colorado, Hawaii, Idaho, Illinois, Indiana, Kansas, Massachusetts, Michigan, Minnesota, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, Utah, Virginia, and West Virginia.
Senior Life’s assets have grown over five times and surplus has increased in excess of 125%. Senior Life’s success has been a direct result of the execution of a sound business plan and taking care of our agents, policyowners, and financial well being. Senior Life has been a positive influence locally and across the nation through our insurance agents and policyowners.
Blueprint for the Future
Building a life insurance company is similar to building a skyscraper; with a sturdy foundation, the possibilities are limitless. Since 2000, the growth and development of Senior Life has been tremendous. The Senior Life foundation is strong, and we are building our dreams. Senior Life takes pride in being adaptive and willing to change to best serve our agents and customers. We are able to provide exceptional service because we train and teach service above all else. We have collected a great group of Senior Life leaders that propel the service philosophy from top to bottom. Our company/agent relationship works together as a team with each relying on the other. If we can support our teammates better, we are going to modify our operations to best fulfill their needs.
We believe that we have a responsibility to manage a company that serves, looks to the future, and allows everyone to achieve their dreams. We strive for our dedication to success to be evident in every aspect of Senior Life. The Senior Life business philosophy has been successful. Growing an insurance company presents a financial challenge. We have excelled at this challenge by often surpassing the financial marks of the bigger insurance companies. Senior Life’s growth has been responsible, conservative, and positive. Being beyond the start-up phase, and with proven success, Senior Life remains committed to the philosophy that got us where we are today. Our past growth sets the course for financially healthy national expansion and market significance.