Privacy Policy

How Low Cost Life Insurance uses and protects your personal information

This Privacy Statement is for prospective clients, clients and former clients of Low Cost Life Insurance.

At Low Cost Life Insurance, our commitment to protecting your privacy is of the utmost importance to us. We value the trust you place in us and want you to understand what information we collect and how we protect and use it. We treat personal information (nonpublic data that identifies you) with respect and in accordance with our Privacy Policy. This Privacy Statement applies to both our prospective, current and former customers.

The information we collect about you generally falls into one of the following categories:

  • Information provided on applications and other forms submitted to us, such as your name, address, Social Security Number, family member information, assets, income and investment objectives.
  • Transactional information about your accounts, such as account balances, transaction history, policy coverage, and premium and claim payments.

We use this information primarily to manage the insurance products or services obtained from or through us. We may disclose all of the personal information, as described above, to companies providing services to you on our behalf, including but not limited to, insurance companies or other insurance agencies or support companies, and Financial Engines, Inc., our parent company, in the following types of situations:

  • Providing administrative, customer assistance, operational, or other services;
  • Preparing, printing, and delivering reports, confirmation statements, and other documents;
  • Executing transactions; or
  • Maintaining or developing software for us.

In instances when Low Cost Life Insurance must provide your personal information to a non-affiliated company, it is only as necessary to complete activities on your behalf or essential to our operation or as otherwise allowed or required by law. Additionally, we require non-affiliated companies to contractually agree not to further disclose any personal customer information obtained from us. Low Cost Life Insurance does not sell any personal information in any circumstance.

We may share your information within our corporate family of companies which include registered investment advisers. We will not share information about your creditworthiness within our corporate family except with your consent.

To further safeguard your personal information within our company, our policy allows access to information only by individuals and departments who must have it to service your account. We maintain physical, electronic, and procedural safeguards to protect this information and treat information from our prospective and former clients with the same care used for information from current clients.

We believe the protection of your privacy is of utmost importance, and appreciate and take seriously the trust you place in us and in our ability to safeguard your personal information. Please contact us at (877) 794-8376 with any questions about this Privacy Statement.

For Nevada residents only: We are providing you this notice under state law. Nevada law requires we provide the following contact information: Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington St., Suite 3900, Las Vegas, NV 89101; Phone number: 702.486.3132; email: BCPINFO@ ag.state.nv.us.

For Insurance Customers in AZ, CA, CT, GA, IL, ME, MA, MN, MT, NV, NJ, NC, OH, OR and VA only: In addition to all of the other provisions of this Privacy Statement the following only applies to insurance customers in the states indicated. The term “Information” in this part means customer information obtained in an insurance transaction. We may give your Information to state insurance officials, law enforcement, group policyholders about claims experience or auditors, or as the law allows or requires. We may give your Information to insurance support companies that may keep it or give it to others. You have a right to see your Information. To do so write to TMFS Insurance Agency, LLC at 1129 West Kansas Street, Suite B, Liberty, MO 64068, Attn: Data Request. You must state your full name, address, the insurance company, policy number (if relevant) and the Information you want to see. We will tell you what Information we have. You may see and copy the Information (unless privileged) at our office or ask that we mail you a copy for a fee. If you think any Information is wrong, you must write us. We will let you know what actions we take. If you do not agree with our actions, you may send us a statement to that effect.

For California residents only: Under California law, you have a right to opt-out of any sharing within our corporate family by contacting TMFS Insurance Agency, LLC at 1129 West Kansas Street, Suite B, Liberty, MO 64068, Attn: Opt-Out Request.

For Insurance Customers in AZ, GA, IL, MA, NJ, NC, and OH only: You have a right to opt-out of any sharing by TMFS Insurance Agency, LLC within our corporate family by contacting TMFS Insurance Agency, LLC at 1129 West Kansas Street, Suite B, Liberty, MO 64068, Attn: Opt-Out Request.

For Vermont residents only: Under Vermont law, we will not share information we collect about Vermont residents with companies outside of our corporate family, unless the law allows. For example, we may share information with your consent or to service your accounts. We will not share information about you within our corporate family except with your consent.

For Insurance Customers in MN: Under Minnesota law, TMFS Insurance Agency, LLC will not share information collected about Minnesota residents with companies outside of our corporate family, unless the law allows. For example, we may share information with your consent or to service your accounts. We will not share information about you within our corporate family except with your consent.