ShelterPoint Life

What ShelterPoint Life does

ShelterPoint Life is a U.S. specialty insurance carrier specializing in state-mandated statutory employee benefits. Founded in 1972 (originally as First Rehab Life Insurance Company of America) and headquartered in Garden City, NY, the company offers short-term disability (DBL), Paid Family Leave (PFL), and other state-mandated paid leave programs across approximately ten states including New York, New Jersey, Colorado, Massachusetts, Connecticut, Delaware, Maine, Maryland, Minnesota, and Oregon. Operations are run through two carrier entities: ShelterPoint Life Insurance Company (NY-domiciled) and ShelterPoint Insurance Company (FL-domiciled, licensed in all states excluding NY, CA, and MI).

The product portfolio centers on statutory disability and paid family leave coverage, supplemented by voluntary benefits including group term life, vision insurance, and Employee Assistance Programs (EAP), as well as supplemental lines such as BaseLine enhanced coverage, 24-Hour Accident, Excess Major Medical, and Medical Gap. Technology is limited to traditional web-based self-service portals for three stakeholder groups — licensed Producers (brokers), Employer policyholders, and Members (employees) — supporting quoting, policy administration, premium payment (ePay), online claim submission, and claim status tracking.

The business model is recurring insurance premium revenue, with pricing driven by state-mandated contribution rates and billed pay-as-you-go based on employee wages. Distribution is primarily through a network of licensed insurance producers and brokers, with direct online self-service for employers and members. The company was acquired by Protective Life Insurance Company, the primary U.S. subsidiary of Dai-ichi Life Holdings (TSE:8750), with the transaction closing November 1, 2024; ShelterPoint now operates as a wholly-owned subsidiary within the Protective corporate family, with leadership succession completed in 2024 (Leston Welsh as CEO) and integration into Protective's broader Employee Benefits organization announced in September 2025.

Name

ShelterPoint Life

Legal name

ShelterPoint Life Insurance Company

Website

https://shelterpoint.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

101–250 employees

Short description

ShelterPoint Life is a U.S. specialty insurance carrier founded in 1972 that provides state-mandated short-term disability and paid family leave coverage, plus voluntary benefits, to employers and employees across approximately ten states, now operating as a subsidiary of Protective Life Insurance Company.

Ownership category

akta.pro rank

Product category

Statutory Disability and Paid Family Leave Insurance

NAICS

Direct Life Insurance Carriers (524113), Direct Health and Medical Insurance Carriers (524114)

SIC

Life Insurance (6311), Accident & Health Insurance (6321)

akta.pro primary industry

Basic Group Term Life (Employer-Paid) (FSAIADAA)

akta.pro secondary industries

Voluntary/Worksite AD&D Insurance (Employee-Paid) (FSAIALAB), Worksite Supplemental Life Insurance (Voluntary Life) (FSAIAMAF), Group AD&D (Standalone or Bundled with Life) (FSAIADAG), Worksite Financial Wellness & Employee Assistance Programs (EAP) (FSAIAMAN)

Keywords

• Statutory disability insurance
• Paid family leave insurance
• Employee benefits insurance
• Group term life insurance
• DFL PFL coverage

Headquarters

HQ city

Garden City

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premium Revenue: ShelterPoint generates revenue through insurance premiums collected from employers for statutory benefit programs including DBL (Disability Benefits Law), PFL (Paid Family Leave), short-term disability, and other employee benefits such as vision, term life, and EAP services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

ShelterPoint Life underwrites and delivers state-mandated statutory employee benefit insurance—principally short-term disability (DBL/TDB) and paid family leave (PFL/PFML)—to employers across multiple U.S. states, supplemented by voluntary group benefits including term life, vision, and employee assistance programs (EAP). Products are distributed through licensed insurance brokers and managed via dedicated online portals for producers, employers, and members, with 24/7 online claim submission and premium payment capabilities.

Product overview

ShelterPoint Life is a statutory insurance specialist offering a comprehensive suite of employee benefits products. The core portfolio centers on state-mandated disability and paid family leave insurance (DBL/PFL), supplemented by group benefits including Term Life, Vision, and EAP services. Products are delivered through two carrier entities: ShelterPoint Life Insurance Company (NY-domiciled) and ShelterPoint Insurance Company (FL-domiciled). The company also offers enhanced coverage options including BaseLine products, 24-Hour Accident, Excess Major Medical, and Medical Gap insurance. Founded in 1972 (formerly First Rehab Life), ShelterPoint was acquired by Protective Life Insurance Company in November 2024.

Differentiator

Problem solved

Functional benefit

Products and services

• Short-Term Disability (DBL) State-mandated short-term disability insurance providing income replacement for employees unable to work due to non-work-related illness or injury. Coverage varies by state, including New York DBL, New Jersey TDB, and other state programs. Sold to employers through licensed brokers.
• Paid Family Leave (PFL) State-mandated insurance providing paid leave benefits for employees needing time off for family caregiving, bonding with a new child, or military exigency. Available in states including New York, New Jersey, Colorado (FAMLI), Massachusetts (PFML), Maryland, Connecticut, and others.
• NJ Temporary Disability (TDB) New Jersey state-mandated temporary disability insurance providing benefits for employees unable to work due to non-work-related disability.
• Term Life Insurance Group term life insurance providing financial protection to employees' beneficiaries in the event of death. Sold to employers as a voluntary benefit alongside ShelterPoint's statutory programs.
• Vision Insurance Vision care benefits providing coverage for eye exams, corrective lenses, frames, and contact lenses through a provider network. Sold to employers as a voluntary benefit.
• EAP (Employee Assistance Programs) Employee assistance program services providing confidential counseling, resources, and support for personal and work-related issues affecting employee well-being. Sold to employers as a voluntary benefit.
• BaseLine Products Baseline insurance products providing enhanced disability and benefits coverage beyond statutory minimums, offered as voluntary upgrades to employers.
• 24-Hour Accident Continuous accident coverage providing benefits regardless of whether injury occurs at work or off-duty.
• Excess Major Medical Supplemental medical coverage above primary insurance limits, providing additional financial protection for catastrophic medical expenses.
• Medical Gap Gap coverage designed to help employees pay for out-of-pocket medical expenses not covered by primary health insurance.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/shelterpointgrp
• Facebookfacebook.com/shelterpointgroup
• LinkedInlinkedin.com/company/shelterpoint-life
• Instagraminstagram.com/shelterpoint_co

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ShelterPoint Life