Penn Mutual’s Vantis continues partnership with Everdays

DI-VantisLifeHQ_01112018.jpg
Vantis Life headquarters

Vantis Life Insurance Company, a wholly-owned subsidiary of The Penn Mutual Life Insurance Company, announced a new marketing and distribution partnership with insurtech platform Everdays, a firm that provides seniors over the age of 60 with health, retirement and end-of-life planning services. 

Everdays and Vantis Life will continue to team up on launching the comprehensive platform over the following months to market Vantis Life insurance products, provide customer support and offer various services, such as life insurance underwriting and policy issuing. 

Tom Harris, president of life insurance and annuities for The Penn Mutual Life Insurance Company, announced in a statement, “We're excited to work with Everdays to help provide life insurance solutions for an underserved and fast-growing market.”

The Everdays digital experience is an insurtech platforms for retirement planning. The planning services and life insurance products offered through Everdays’ fully digital platform are aimed at young seniors, and their families, who are seeking a financially secure retirement and planning for end-of-life preparations. 

"Everdays delivers a one-of-kind, digital planning platform to reach people who otherwise may not be aware of our products that fit the needs of their life-stage,” Harris added in his statement. “This innovation puts planning and insurance products together and aligns with Vantis' goal to provide simple, easy-to-afford protection to more American families."

Mark Alhermizi, CEO and founder of Everdays, said in a statement, “We couldn't be happier about working with Vantis Life and the backing of Penn Mutual. As the fastest growing insurtech platform focused on young seniors and individuals planning their retirement, we wanted a partner that shared our vision.”

Vantis Life specializes in offering affordable life insurance products to middle-income American families through a simple, streamlined online purchasing experience. 

Alhermizi added in his statement, “With its consumer-focused, tech-savvy orientation, Vantis Life is the ideal partner for us. Combining our proprietary digital planning and funding platform, Vantis Life's products and accelerated underwriting process with Penn Mutual's history, stability and strength is a unique offering. Our cultures are perfectly aligned.”

For reprint and licensing requests for this article, click here.
Life insurance Digital Transformation Digital distribution Insurtech Retirement Retirement planning
MORE FROM DIGITAL INSURANCE