Sentinel Security’s application process includes three sections of health screening questions, all of which applicants for New Vantage I must pass. Sentinel Security’s New Vantage I policy provides cash value whole life, final-expense coverage in amounts between $1,000 and $35,000.Īpplicants can be up to 85 years old, though coverage amounts are limited for new insureds over 75. Life Insurance Policies Offered by Sentinel Security LifeĪlthough Sentinel Security offers an impressive variety of annuities, its life insurance offerings are limited to a single final expense product, with three variations.Īll three burial insurance policies for seniors are simplified-issue whole life policies, with fixed premiums, guaranteed-for-life coverage, and cash-value accumulation. Products Offered by Sentinel Security Life: In general, customer reviews of Sentinel Security are largely positive. Sentinel Security has been accredited by the Better Business Bureau since 1979 and currently scores an A+ rating from the BBB. However, Sentinel Security has consistently met its obligations, and it’s overall financial position is fairly secure. Financial-planning experts often recommend purchasing life insurance from companies with an A.M. Best is not top-tier, so there are plenty of life insurers with better financial ratings. The company holds about two-thirds of its assets in stable, investment-grade bonds and cash. Sentinel Security Life Financial RatingsĪs of the end of 2019, Sentinel Security had around $690 million in total assets and an annual net income of about $8.7 million. The company does business in most of the western states, but it’s reach is limited east of the Mississippi, particularly in the Northeast. Since its mid-20 th-century origin, Sentinel Security has achieved considerable growth by expanding its product lines, acquiring other insurers, and converting from a mutual company to a stock-issuing corporation.įrom its headquarters in Salt Lake City, Sentinel Security issues annuities and insurance policies through over 23,000 agents in 36 states. Then known as Sentinel Mutual Insurance Company, its original purpose was to provide final expense insurance to help surviving family members with burial and funeral costs for departed loved ones. Sentinel Security Life Insurance Company was formed in 1948 by a Utah-based group of funeral directors. We maintain a number of security-related policies and procedures including a Cybersecurity and Incident Response policy (using the SEC's recommended NIST framework) and a Written Information Security Policy.About Sentinel Security Life Insurance Company. ![]() Analyzing risk is a critical first step – from rating and performing due diligence on third party vendors to reviewing safety, privacy and general compliance issues through our Risk Committee, we make risk assessment and mitigation a priority.Cybersecurity incident response is one part of our disaster recovery testing in which our associates participate.The team also initiates an annual penetration test done by an independent third party ethical hacker. Our technology team has implemented its own internal phishing testing and awareness campaign to measure and benchmark employee awareness to suspicious emails. ![]() Our software developers are also required to take additional courses related to creating secure application programs.
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