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MassMutual-owned Haven Life is announcing the launch of Haven Secure, a new term life insurance product that can be purchased entirely online. Coverage mirrors insureds' monthly income or can match a large recurring expense (like a mortgage).

Similar to the recently launched Salary Protection product, Haven Secure is a decreasing term product that offers a minimum monthly payout duration of five years. If the policyholder were to die within the term length, Haven Secure would provide their loved ones with a monthly benefit for that long.

Haven Secure will initially be available through partners, including banks, insurance brokers, fintechs, parenting sites and more. In addition to a 100% no medical exam experience, the product features a co-branded landing page, a quote widget for quick add to partners' sites, a pre-fill quote API or fully hosted API, as well as a partner portal and telesales including conversational prompts, e-signatures and consents via text to streamline the process for both the partner and the client. Once an application is submitted, the policy is underwritten in real-time to provide an instant decision on coverage eligibility.
Jewelers Mutual Group has launched a digital platform to help its customer base of jewelers, manufacturers, wholesalers and others to conduct business digitally and simplify processes. The Zing platform includes:
  • A Diamond Marketplace powered by the International Diamond Exchange's Guaranteed Diamond Transactions service. Suppliers can share their inventory (including specifications, grading, and pricing information) so all jewelers have transparent access to inventory and pricing information around the world
  • A Jewelry Appraisal Solution using Gemworld so jewelers can generate a professional appraisal from any device in minutes
  • JM Shipping Solution for industry-specific secure shipping
  • JM Care Plan products that expand on atypical manufacturer's warranty to keep customers' jewelry and watches in like-new condition
  • Personal Jewelry Insurance Claims tool to help jewelers expedite filing and managing Jewelers Mutual insurance claims, allowing customers to replace their treasured pieces faster
Policygenius has announced a new mobile-based application that offers digital estate planning for consumers and enables wills and trust on their phones. “We developed this app as a way to provide people with a simple, digital way to handle multiple important financial decisions in one place,” shared Jennifer Fitzgerald, CEO and co-founder of Policygenius. Policygenius' estate planning survey discovered 60.4% of people don't have a will, even as nearly 40% of respondents said they feel it's more important to get a will because of the COVID-19 pandemic. The results created Policygenius’ application to break down the will process into manageable steps that take five to 15 minutes each. "We're thrilled to bring those same principles to the estate planning process, as we continue building out new ways to modernize financial protection for today's consumer,” adds Fitzgerald.
Clara Insurance is rebranded to Brella and is launching a digital supplemental health insurance plan for Texas-based employers. With goal to make it easy for employers to enhance their employee benefits with a simple supplemental plan that covers more and truly complements their health insurance, CEO and Founder Veer Gidwaney says, "We're also excited to welcome a few new investors who bring a wealth of industry experience as we build Brella into a company that ensures health hardships don't lead to financial hardship." Brella raised $1.5 million from new investors, bringing its total funding to over $7M.
The Philadelphia Contributionship is leveraging Cape Analytics to bring automated property data to its agents. TPC has integrated Cape into its agent and underwriting portals, informing decisions within its policy binding and issuance process. Accessible property features include Roof Condition Rating, roof covering material, pool presence, and trampoline presence at the time of quote. These characteristics can streamline the application process for low-risk policies while flagging others for further underwriting review.