Standard Security Life Insurance Company of New York
- Company typePrivate
- Founded1959
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
Standard Security Life Insurance Company of New York firmographics
Firmographics- Name
- Standard Security Life Insurance Company of New York
- Legal name
- Standard Security Life Insurance Company of New York
- Website
- https://sslicny.com
- Company type
- Private
- Founded year
- 1959
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Standard Security Life Insurance Company of New York industry classification
Industry- Product category
- Statutory Disability and Paid Family Leave Insurance
- NAICS
- Direct Health and Medical Insurance Carriers (524114)
- SIC
- Accident & Health Insurance (6321)
- akta.pro primary industry
- Group Disability Income Insurance (Employer-Sponsored) (FSAIAIAB)
Keywords
Where Standard Security Life Insurance Company of New York is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Standard Security Life Insurance Company of New York business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Disability Insurance Premiums (DBL): Recurring premiums from New York State Disability Benefits Law coverage required for all employers with employees. Rates vary by gender and group size.
- Paid Family Leave Premiums (PFL): Recurring premiums from Paid Family Leave coverage mandated for New York employers effective January 2018.
- Group Term Life Premiums (GTL): Optional group term life insurance coverage offered alongside DBL and PFL policies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Groups of 1-49 lives |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Standard Security Life Insurance Company of New York product offering
Product offeringCore offering
Standard Security Life Insurance Company of New York is a specialized statutory insurance carrier that sells New York State Disability Benefits Law (DBL) coverage and New York Paid Family Leave (PFL) coverage to employers, along with supplementary Group Term Life and New Jersey Temporary Disability Benefits products. Policies are placed exclusively through independent insurance agents and brokers, and supported by web-based portals for agents, employers, and claimants.
Product overview
Standard Security Life Insurance Company of New York is a specialized insurer offering statutory disability insurance products. The company operates as a single-brand, single-product-focus insurer providing two core products: New York State DBL (Disability Benefits Law) insurance and Paid Family Leave (PFL) coverage. These products are supported by digital service platforms including a Policy Quick Service portal for policyholders, a dedicated Agent Portal for brokers and agents, and a My SSL Claim Portal for claimants. The company also offers New Jersey TDB and Group Term Life as supplementary insurance products. All products are delivered through web-based online service portals rather than a unified software platform.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Maximum weekly DBL benefit of $170.00
- +1 more outcomes
Companies that use Standard Security Life Insurance Company of New York
Customer profileSegments1 record
Ideal customer profiles3 records
Standard Security Life Insurance Company of New York technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Standard Security Life Insurance Company of New York partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Reliance StandardcoreStandard Security Life Insurance Company of New York is a member of the Reliance Standard family of companies, providing access to shared resources, brand association, and corporate backing within the insurance industry.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Standard Security Life Insurance Company of New York competitors and assessment
Company assessmentBroad incumbents
- Lincoln Financial Group: Lincoln Financial provides group disability, life, dental, and retirement products to employers and individuals. Comparable to Standard Security Life in group disability income insurance and group term life distribution through brokers.
- Guardian Life Insurance Company of America: Guardian Life is a mutual insurer offering group disability, life, dental, and vision benefits through employer and broker channels. It overlaps with Standard Security Life in employer-sponsored disability and group life products.
- Reliance Standard Life Insurance Company: Reliance Standard is the parent organization and broader group benefits carrier offering group disability, life, and voluntary products. Comparable as the parent platform that provides resources and shared capabilities backing Standard Security Life's specialized NY operations.
- Sun Life Financial: Sun Life U.S. is a major provider of group disability, group life, dental, and voluntary benefits through employer and broker channels. It competes with Standard Security Life in employer-sponsored disability and group term life.
- Unum Group: Unum is one of the largest U.S. providers of group disability income insurance, group life, and supplemental benefits. It competes in the same employer-sponsored disability and group life markets that Standard Security Life serves, though at a national scale.
- MetLife: MetLife is one of the largest U.S. group benefits carriers offering group disability, life, dental, and voluntary products. It is comparable as a broad-incumbent competitor in employer-sponsored group benefits that includes statutory disability capabilities.
- The Standard: The Standard is a leading provider of group disability, life, and dental benefits to employers nationally. It overlaps with Standard Security Life in employer-sponsored group disability income insurance and group term life products.
- Cigna Group Life & Disability: Cigna provides group disability and life insurance products to U.S. employers alongside its broader health and supplemental benefits portfolio. It is comparable as a large incumbent competing for the same employer-sponsored disability and group life accounts.
Direct peers
- AmTrust Financial Services: AmTrust writes NY DBL and PFL coverage alongside a broader portfolio of specialty and workers' compensation insurance. It competes with Standard Security Life in the same employer-sponsored statutory disability niche.
- ShelterPoint Life Insurance Company: ShelterPoint is a leading direct writer of New York State statutory DBL and PFL coverage for employers. It is the closest direct competitor to Standard Security Life given the shared focus on mandated NY statutory disability products and employer distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Standard Security Life Insurance Company of New York social profiles
Digital presenceStandard Security Life Insurance Company of New York compliance and trust
Trust signalCompliance1 record
Standard Security Life Insurance Company of New York financial estimates
Financial estimateRevenue estimate
Valuation estimate
Standard Security Life Insurance Company of New York leadership team
Management profileNumber of profiles
Profiles1 record
Standard Security Life Insurance Company of New York funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Standard Security Life Insurance Company of New York M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Standard Security Life Insurance Company of New York
What does Standard Security Life Insurance Company of New York do?
Standard Security Life Insurance Company of New York is a specialized statutory insurance carrier that sells New York State Disability Benefits Law (DBL) coverage and New York Paid Family Leave (PFL) coverage to employers, along with supplementary Group Term Life and New Jersey Temporary Disability Benefits products. Policies are placed exclusively through independent insurance agents and brokers, and supported by web-based portals for agents, employers, and claimants.
When was Standard Security Life Insurance Company of New York founded?
Standard Security Life Insurance Company of New York was founded in 1959. It employs 51 to 100 people.
Where is Standard Security Life Insurance Company of New York based?
Standard Security Life Insurance Company of New York is headquartered in New York, United States, in the North America region.
How does Standard Security Life Insurance Company of New York make money?
Three revenue lines are on record. Disability Insurance Premiums (DBL) is the primary driver. The others are paid Family Leave Premiums (PFL) and group Term Life Premiums (GTL).
Who are Standard Security Life Insurance Company of New York's main competitors?
Broad incumbents on record are Lincoln Financial Group, Guardian Life Insurance Company of America, Reliance Standard Life Insurance Company, Sun Life Financial, Unum Group, MetLife, The Standard and Cigna Group Life & Disability. Direct peers are AmTrust Financial Services and ShelterPoint Life Insurance Company.
Does Standard Security Life Insurance Company of New York have an API?
No public API is recorded for Standard Security Life Insurance Company of New York.
What industry is Standard Security Life Insurance Company of New York in?
Standard Security Life Insurance Company of New York's product category is Statutory Disability and Paid Family Leave Insurance. Its primary akta.pro industry code is FSAIAIAB, Group Disability Income Insurance (Employer-Sponsored). Its NAICS code is 524114 and its SIC code is 6321.