This message is meant to clarify LifeSecure’s position on their “signed-at-state”‘ practice related to residents of New York and Massachusetts for our Long Term Care, Personal Accident and Hospital Recovery insurance products.
As a reminder, LifeSecure Insurance Company cannot accept applications from residents of the states of New York or Massachusetts, regardless of where the application is completed and signed, unless the applicant maintains a secondary residence in another state.
If a resident of New York or Massachusetts maintains a secondary residence in another state, he or she may submit an application if:
- LifeSecure has a product available in the state where the secondary residence is located; and
- The application is completed and submitted in the state of the secondary residence; and
- The applicant uses the address of the secondary residence for mailing.
Additionally, no initial-sale policy deliveries can be made to addresses in New York or Massachusetts.