Close
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

LifeSecure introduces new post-hospitalization insurance product

X
Your article was successfully shared with the contacts you provided.

LifeSecure Insurance Company, Brighton, Mich., has announced the release of its new product offering, Hospital Recovery Insurance (HRI.) Covered individuals will receive a cash benefit payment based on the number of days they are hospitalized up to a preset limit.

According to the Agency for Healthcare Research and Quality, from 1993 to 2008, the average hospital length of stay decreased by about 20%, from 5.7 day to 4.6 days.

Like the company’s long-term care insurance, HRI coverage is based on a straightforward product design. Depending on the premium amount selected, individuals can receive a benefit amount of between $100 to $999 for each day of hospitalization, with a limit of up to 15 eligible days in a single calendar year. Benefits automatically renew at the beginning of a new calendar year. Upon receipt of a submitted claim form with proof of hospitalization, payment is made directly to the covered individual.

In keeping with the company’s product development strategy; the online sales support process has been simplified to include point-of-sale underwriting and online Budget -Point Pricing. To find out more about the new HRI product or to become an appointed agent with LifeSecure, call (810)220-8770.