Secured Health and Life Purchased by Health Insurance Innovations - Latest News from LifeDeal - The Home of Cheaper Life Insurance
There has been further developments in the UK life insurance market as another large insurance provider extends their reach.
Many outside of the industry would not have heard of Health Insurance Innovations but they offer policies that serve tens of thousands of families all across the UK. The company that they have decided to purchase, namely Secured Health, were one of the many companies that offer their plans and services. Therefore this could be considered as vertical integration move, which we are starting to see a lot more in the industry. Not only do companies want to write the policy they also want to sell it direct to the customer. LifeDeal predicts we will see more this in the years to come.
Secured Life are known for offering life insurance with no medical exam required. For more information about this type of cover please see this link.
The CEO and President of Health Insurance Innovations, Mike Kosloske, gave the following quote to the reporters: "The acquisition of Secured is in line with our strategy to expand captive distribution channels of HII's policies and to grow and enhance the efficiency of our non-owned call centers, wholesalers and licensed agent distributors."
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