Platinum Auto Insurance Review

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Company Details
Address:

137 Main Street, Suite 400

City:
Dubuque
State:
IA
ZIP Code:
52001
Phone Number:
1-800-765-1454
Year Founded
1995
AM Best Rating:
Company Rating 0 (0 reviews)

Things to Remember
  • Platinum Auto Insurance is a health insurance provider in the Midwest
  • Platinum Insurance has over 140 agents that operate in over 12 states
  • They do not offer auto insurance of any kind

The Platinum Auto Insurance review found no single company by this name. Therefore, this is a review of Platinum Services.

Platinum Services is one of the premier supplemental health insurance providers in the Midwest region of the United States. Clearly, they are not an auto insurance company and do not provide any type of car insurance coverage.

Use our FREE online tool today to search for the best auto insurance rates that your area has to offer. Enter your ZIP code now!

Supplemental insurance is special insurance that is used to add extra specialized health insurance coverage to your basic health insurance plan.

The Platinum Services History

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Platinum Services was founded by three insurance agents who kept hearing stories from their policyholders about how they were struggling with the rise in healthcare costs and how they were worried how one serious illness could lead to the loss of family businesses and entire life savings.

In response to their clients’ needs, these three insurance agents decided to start their own business to provide people with the insurance coverage they wanted.

The three insurance agents that started Platinum Services are Wayne Briggs, Mike Muench, and Eric Lucy. These three founders started Platinum Services in 1995.

When Platinum Services began in the mid-90s the company only offered long-term care insurance coverage. Today Platinum Services offers many more insurance options and has more than 140 agents representing the company in over a dozen states.

All of the supplemental health insurance products that Platinum Services writes are underwritten by the Guarantee Trust Life Insurance Company. The Guarantee Trust Life Insurance Company is headquartered in Glenview in Illinois.

The Platinum Services Leadership

The President and Chief Executive Officer of Platinum Services is Wayne Briggs. Platinum Services has three Vice President. The three Vice Presidents of Platinum Services are Mike Muench, Eric Lucy, and Lynne Baumhover.

Platinum Services also has three main Directors. The Director of Personnel Administration is Dan Gries. The Director of Compliance and Customer Service is Misty Winders. Jan Manders is the Director of Sales Support for Platinum Services.

The Platinum Services Products

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The types of supplemental health insurance products that Platinum Services offers are extensive. The supplemental health insurance policies available are accident and disability insurance, cancer insurance, long-term care insurance, and heart attack and stroke insurance.

Accident and disability insurance coverage is a special type of supplemental health coverage that insures the policyholder against accidents that do not occur in the workplace.

  • 90 percent of all disabling accidents do not occur at work
  • 50 percent of all home mortgage foreclosures are caused by disabilities
  • 72 percent of all American citizens do not have enough money in savings to pay the cost of a short-term medical emergency

Considering these figures investing in accident and disability insurance just makes sense. The Platinum Services accident and disability insurance policy covers hospital stays, ambulance services, outpatient therapy, outpatient surgery, emergency room services, emergency room treatment, prostheses coverage, monthly disability, accidental dismemberment, and accidental death.

Platinum Health Services and Statistics

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In one year, 2.4 million Americans will be diagnosed with cancer, 1.2 million Americans will have a heart attack, and around 700,000 Americans will have a stroke. Considering these estimates and the cost of treating these types of conditions having cancer or heart attack and stroke insurance is a very wise decision.

The Platinum Services cancer and heart attack and stroke policy includes coverage for medicine, ambulance services, transportation, lodging, surgery, radiation, anesthesia, chemotherapy, bone marrow transplants, heart transplants, prosthesis, physical therapy, speech therapy, hospice, outpatient diagnostic lab and biopsy, skin cancer transplant, blood, plasma, private nurse, and counseling.

Over 12 million Americans need long-term medical care, 40 percent of all people who reach the age of 65 are likely to enter a nursing home, and nursing homes can cost over $70,000 a year.

Considering these statistics long-term care coverage seems like a smart investment. The benefits offered by the Platinum Services long-term care policy include:

  • Home health care
  • Respite care
  • Family caregiver benefit
  • Caregiver training
  • Adult daycare
  • Assisted living facilities
  • Nursing home care
  • Emergency medical alert
  • Hospice care
  • Home modification
  • Prescription drug benefit
  • Bed reservation
  • Alternate plan of care
  • Ambulance services
  • Care coordination
  • Premium benefit returns

Platinum Services does not offer any type of personal auto insurance, but there are many companies where you live that do. Our free online tool compares the auto insurance rates of these companies and finds the one that best fits your needs. Enter your ZIP code to use our FREE online tool now!

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