2020 Companion Life Annual Report

May 10, 2021

Company Overview

Company Name: Companion Life Insurance

Company Reporting Year: 2020 (Marking their 49th year; 50th anniversary in 2021)

AM Best Rating: A+ (Superior), as of Dec. 9, 2020.

Headquarters: Columbia, South Carolina.

2020 Key Developments

Operational Shifts: Moved into a new headquarters and launched new branding.

COVID-19 Response: Transitioned the majority of employees to a work-from-home model while maintaining service standards.

Strategic Focus: Invested in new technology to enhance sales and streamline quoting processes for agents.

Product Portfolio

Ancillary Products

Dental: Dental by Design® (Customizable employer plans).

Life: Group Term Life, AD&D, and Companion Choice Plus (Voluntary).

Disability: Short Term (STD) and Long Term (LTD) Disability.

Other: Voluntary Critical Illness and Vision by Design®.

Value-Add: Hearing Services Plan (included with dental).

Accident & Health Products

Medical Stop Loss: Specific and Aggregate (including Level Self-Funded).

Limited Benefit Health: For part-time/temporary employees.

Occupational Accident: Coverage for Texas "opt-out" employers.

Short-Term Medical: For individuals between jobs or recent graduates.

Group Supplemental Expense: Coverage for deductibles/copays.

Medicare Supplement: For retirees over 65 (Part D supplement).

Key Leadership

John Wilbur: President

Diane Fischer: Vice President and Chief Financial Officer

Michael Flock: VP, Risk Management, Chief Risk Officer

Andy Folsom: VP, Strategic Growth

Rick Williams: VP, Actuarial

Jon Anderson: VP of Marketing and Chief Strategy Officer, Stop Loss

Mark Smidt: VP, Accident and Health

Eddie Smith: AVP, Head of Group & Specialty Market Sales

 

Download the Full 2021 Annual Report (PDF).

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