State Securities Corp.

What State Securities Corp. does

State Securities Corp. (SSC) is a privately held insurance agency founded in 1978 and headquartered at 1836 Hermitage Blvd., Ste 100, Tallahassee, Florida. The company distributes supplemental insurance products — life insurance (Universal, Term, Whole Life), disability, accident, hospital income, dental, and cancer coverage — to a narrow customer base consisting of State of Florida employees, their spouses, children, parents, siblings, and friends. SSC has operated for over 45 years and maintains a statewide network of licensed agents throughout Florida, conducting sales via phone, in-person consultations, and during the annual Open Enrollment period in October.

SSC's product portfolio is centered on filling gaps left by major medical insurance: covering non-medical expenses associated with treatment, replacing 40-60% of gross income during disability, paying $100-$200 per night for hospital room and board, and providing lump-sum benefits upon diagnosis of cancer or 20 other specified diseases. Its dental offering includes both a Prepaid Dental Plan (underwritten by DentiCare, Inc.) and an Insured Dental Plan (underwritten by Sun Life), both distributed under the State of Florida Pretax Program and claimed to access the largest PPO dental network in Florida.

SSC operates as a broker/distributor rather than a carrier: premiums are collected by third-party underwriters, and SSC captures commissions through its licensed agent network. The company employs 11-50 people, has no disclosed funding, no mobile app, no public APIs, and no digital marketing footprint — its go-to-market is fundamentally traditional, relying on agent relationships and an annual enrollment window. Pricing is quote-based and not publicly disclosed, and the addressable market is structurally limited to a single state-government employee population.

Name

State Securities Corp.

Legal name

State Securities Corp.

Website

http://www.ssc-life.com/

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

State Securities Corp. offers insurance, annuities and benefits policies and plans designed for all financial needs.

Ownership category

akta.pro rank

Headquarters

HQ city

Tallahassee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations

Revenue model

1. Insurance Premiums: Collects recurring insurance premiums from policyholders for life, disability, accident, hospital income, dental, and cancer insurance coverage.
2. Open Enrollment Services: Provides enrollment services during Open Enrollment period every October for dental, hospital income and life insurance selections.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

State Securities Corp. (SSC) is a specialized insurance agency that distributes supplemental insurance products to State of Florida employees and their families. Its product portfolio includes life insurance (Universal Life, Term, and Whole Life), disability insurance, accident insurance, hospital income plans, dental insurance (Prepaid and Insured plans), and cancer insurance. Dental plans are offered under the State of Florida Pretax Program and underwritten by DentiCare, Inc. and Sun Life.

Product overview

State Securities Corp. (SSC) is a specialized insurance agency serving State of Florida employees for over 45 years. The company offers a portfolio of supplemental insurance products including Life Insurance (Universal Life, Term, and Whole Life), Disability Insurance, Accident Insurance, Hospital Income Plan, Dental Insurance (Prepaid and Insured plans), and Cancer Insurance. SSC acts as an insurance broker distributing these products primarily to State of Florida employees, their families, and associates, with representatives throughout Florida. The dental plans are underwritten by DentiCare, Inc. and Sun Life, offered through the State of Florida Pretax Program.

Differentiator

Problem solved

Functional benefit

Products and services

• Life Insurance Life insurance products including Universal Life Insurance (flexible premiums with adjustable coverage), Term Insurance (coverage for specific periods), and Whole Life Insurance (permanent coverage with fixed premiums), sold to State of Florida employees and their families.
• Disability Insurance Insurance coverage that replaces 40-60% of gross income if sickness or injury prevents earning income. Offers Own-Occupation, Gainful Occupation, and Income Replacement policy options for State of Florida employees.
• Accident Insurance Supplemental accident policy that helps pay for non-medical expenses associated with injury treatment. Benefits are paid directly to the insured in addition to other insurance coverage.
• Hospital Income Plan Supplemental plan for State of Florida employees with HMO primary plans. Pays $100 or $200 per night for hospital room and board, with Expanded Coverage Rider offering additional benefits for extended stays.
• Dental Insurance Dental insurance offering the largest PPO dental network in Florida, including a Prepaid Dental Plan (underwritten by DentiCare, Inc.) and an Insured Dental Plan (underwritten by Sun Life), both offered under the State of Florida Pretax Program with vision coverage included.
• Cancer Insurance Supplemental cancer policy covering non-medical expenses not included in major medical insurance. Pays benefits for Cancer and 20 other specified diseases including Muscular Dystrophy, Multiple Sclerosis, and Sickle Cell Anemia.

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• DentiCare, Inc.coreOthersUnderwrites the Prepaid Dental Plan offered under the State of Florida Pretax Program. Provides network of dental providers for plan participants.
• Sun LifecoreOthersUnderwrites the Insured Dental Plan offered under the State of Florida Pretax Program. Provides comprehensive dental insurance coverage with vision benefits included.
• Fuqua InsuranceminorChannel Partner/ Reseller/ DistributorRelated insurance agency listed as a contact reference on the website, potentially referring customers for additional insurance products.

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• AFLAC: AFLAC is the category leader in supplemental insurance (accident, cancer, hospital indemnity) sold through payroll-deduction/worksite channels, including government employee segments. It is the most direct national analogue to SSC's product mix, though AFLAC is vastly larger and operates across all 50 states.
• Allstate Benefits: Allstate's voluntary benefits division sells supplemental insurance products (accident, critical illness, disability, life) through employer/worksite channels, including government employers. Comparable on product set and distribution model, though anchored in a much larger parent.
• Unum Group: Unum is a major provider of disability, life, and supplemental benefits with deep penetration in public-sector and state government employer plans. Comparable on product overlap (especially disability and group life) and on the same customer type, though Unum is a carrier rather than a brokerage.
• Sun Life Financial (U.S.): Sun Life underwrites the Insured Dental Plan distributed by SSC and is a major U.S. group benefits carrier in dental, disability, and life insurance for government and public-sector employers. Direct overlap on the dental product and the State of Florida Pretax Program.
• Humana (Group Benefits): Humana offers dental, vision, life, and supplemental benefits to employer groups including government employees, with PPO dental networks in Florida. Comparable on dental and supplemental benefits delivered to state-government workforces.
• Assurant Employee Benefits: Assurant sells voluntary and supplemental benefits (disability, life, dental, critical illness) to employer groups including public-sector employers. Comparable product mix and worksite distribution, though it operates nationally and at much larger scale.
• Standard Insurance Company (The Standard): The Standard is a major provider of disability, life, and dental insurance to public-sector and education employer groups in the U.S. Comparable on product overlap (disability, dental, life) and the same government-employee customer archetype.
• Securian Financial: Securian provides group life, disability, and voluntary benefits to public-sector and government employers, including state employee plans. Comparable on life and disability distribution to state government workforces, though at significantly larger scale.

Direct peers

• Colonial Life: Colonial Life specializes in supplemental health and voluntary benefits (accident, cancer, disability, hospital indemnity) sold through workplace enrollment and worksite agents—the same channel architecture SSC uses, and at similar scale relative to a single employer segment.
• Government Employees Health Association (GEHA): GEHA is a non-profit that provides health and supplemental benefits specifically to U.S. federal and government employees, analogous to SSC's exclusive focus on State of Florida employees. Closely comparable on customer niche and benefits positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 State Securities Corp.