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Company Details
LUMICO LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
73504
Phone Number:
866-440-4047
Company Address:
175 KING ST.
ARMONK, NY 10504
Description:
Life and Health
License Number:
A423205
Date Admitted:
1984-06-19
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2020 | Total Accident & Health | 0.01% | $4,808,609 | $4,874,552 | $3,384,133 | $3,894,758 | 79.90 % |
| 2020 | Total Individual Accident & Health | 0.02% | $4,808,609 | $4,874,552 | $3,384,133 | $3,894,758 | 79.90 % |
| 2020 | Individual Medicare Supplement | 0.18% | $4,804,731 | $4,870,687 | $3,384,133 | $3,894,758 | 79.96 % |
| 2020 | Individual Accident Only | 0.00% | $3,878 | $3,865 | $0 | $0 | 0.00 % |
| 2020 | Total Life | 0.01% | $2,103,383 | $0 | $651,436 | $0 | N/A |
| 2020 | Total Individual Life | 0.01% | $2,103,383 | $0 | $651,436 | $0 | N/A |
| 2020 | Individual Whole Life | 0.10% | $1,335,266 | $0 | $146,436 | $0 | N/A |
| 2020 | Individual Term Life | 0.06% | $768,117 | $0 | $505,000 | $0 | N/A |
| 2019 | Total Accident & Health | 0.00% | $1,121,731 | $1,138,022 | $490,793 | $615,017 | 54.04 % |
| 2019 | Total Individual Accident & Health | 0.01% | $1,121,731 | $1,138,022 | $490,793 | $615,017 | 54.04 % |
| 2019 | Individual Medicare Supplement | 0.04% | $1,117,507 | $1,133,811 | $490,793 | $611,577 | 53.94 % |
| 2019 | Individual Accident Only | 0.00% | $4,224 | $4,211 | $0 | $3,440 | 81.69 % |
| 2019 | Total Life | 0.00% | $1,369,480 | $0 | $80,977 | $0 | N/A |
| 2019 | Total Individual Life | 0.01% | $1,369,480 | $0 | $80,977 | $0 | N/A |
| 2019 | Individual Whole Life | 0.06% | $813,197 | $0 | $80,977 | $0 | N/A |
| 2019 | Individual Term Life | 0.04% | $556,283 | $0 | $0 | $0 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2021 | Health | 0.05% | 2 | 163 |
| 2021 | Life and Annuities | 0.02% | 5 | 2967 |
| 2021 | Medicare Supplement Insurance | 0.51% | 2 | 472 |
| 2020 | Life and Annuities | 0.01% | 3 | 2549 |
| 2020 | Medicare Supplement Insurance | 0.25% | 1 | 374 |
| 2020 | Health | 0.02% | 1 | 144 |
| 2019 | Health | 0.00% | 0 | 0 |
| 2019 | Life and Annuities | 0.01% | 3 | 4000 |
| 2019 | Medicare Supplement Insurance | 0.04% | 0 | 0 |
Company Changes
Effective Date: 08/02/2012
Comments: Effective 8/2/2012 Congress Life Insurance Company changed its name to Generation Life Insurance Company.
Effective Date: 03/23/2017
Comments: Effective 3/23/17 Generation Life Insurance Company changed its name to the above.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
Date: 06/11/2018