Foresters Financial | September 30, 2022
Foresters Financial™ (Foresters), the fraternal life insurer that's boldly redefining the life insurance industry through innovation, purpose and wellness, is celebrating the 1-year anniversary of the launch of Foresters Go, an innovative wellness platform that integrates wearable app-enabled technology and behavior sciences to inspire and reward healthy lifestyles.
Over the past year, Foresters members have taken over 1,757,592,202 steps, enough to make it to the moon and back twice, or around the globe more than 20 times.
"We are delighted by the robust adoption and utilization of Foresters Go and are proud to celebrate our members' accomplishments over the past year, Some might say I'm over the moon with our results. Rewarding members for living well and giving back underscores the core values of Foresters and our commitment to enriching the well-being of our members and their communities. On behalf of the organization, I'd like to thank and congratulate all participating members on their achievements, and I look forward to reaching new milestones in the years ahead."
-Louis Gagnon, Foresters Financial President and Chief Executive Officer
Foresters Go was launched in September 2021 in partnership with dacadoo AG – an award-winning Insurtech specializing in digital health engagement and health risk quantification. The wearable app helps Foresters' members track their wellness and participate in challenges with other members to improve their health and wellbeing and earn rewards points. It is a complimentary benefit to all Foresters' members across Canada, the United States, and the United Kingdom. Along with earning points for making healthy decisions, members also earn Rewards Points for volunteering in their community.
Foresters Go provides a fun and interactive experience for members to earn exciting rewards and leverage our broader suite of unique member benefits, While we're encouraged to see so many members embrace and benefit from an active lifestyle, Foresters Go offers much more than fitness initiatives, including guidance on several areas of wellness such as nutrition, volunteerism, sleep, mental wellbeing, mindfulness and more,said Nicole Gourley, Global Chief Membership and Marketing Officer at Foresters.
To celebrate the 1-year anniversary of Foresters Go, all registered users will be awarded $5 in Foresters Go points, while the first 1,000 new non-registered users will receive $15 in Foresters Go points (local currency) if they sign up prior to December 31, 2022.
Life Insurance with a Larger Purpose
Foresters Go is part of the Foresters goal to develop innovative member benefits, products, and service offerings that promote a lifetime of well-being, and align with Foresters fraternal purpose to enrich the lives of families and their communities. That's life insurance with a larger purpose.
Bringing a better, new normal to everyday families, Foresters offers a suite of unique member benefits and is redefining the conventional life insurance model. Member benefits include opportunities for scholarships, orphan benefits, community volunteer grants, document preparation services for creating wills and other legal documents, Lifelong Learning, MemberDeals, and more.
About Foresters Financial
Foresters Financial is redefining the life insurance and individual savings industry across the U.S., Canada and UK by enriching the lives, communities, and overall well-being of its members. Agents and members alike appreciate the turnkey-decisioned product offerings and end-to-end digitized sales processes that make it easy to get life insurance without traditional medical exams. State-of-the-art mobile tools help agents deliver tailored insurance protection to members. Dedicated to its members' well-being, Foresters offers a suite of member benefits and is redefining the conventional life insurance model, bringing improved financial security and overall wellness to everyday North American families. Foresters joined forces with Canada Protection Plan in 2020 to add being a leading life insurance distributor to its Canadian business. Foresters Financial is the trade name for The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. For 22 straight years, The Independent Order of Foresters has received an "A" (Excellent) rating from A.M. Best.
SECURIAN FINANCIAL | September 30, 2022
To provide greater assistance to employees growing their families, Securian Financial in a first among insurance carriers is adding “BenefitBump” as a value-added service. The BenefitBump service can be used with Securian Financial’s group hospital indemnity insurance issued by Securian Life Insurance Company.
BenefitBump improves outcomes for both employers and employees by helping growing families navigate their employers’ benefits and time off programs to build plans for balancing work and life. The program was designed for all paths to parenthood, including childbirth, adoption and families seeking fertility support. Participants are provided with education tools and live support from licensed emotional health clinicians.
“Employees expecting a new child are often overwhelmed with information and unaware of all the benefits available to them through their employers, BenefitBump’s trained care navigators are experts in workplace benefit programs for expecting parents. They guide parents through the journey of growing their families from pre-birth planning to post-birth childcare while ensuring that they are maximizing their available benefits. For employers, this can be a powerful tool for retention, especially of working mothers.”
-Darin Reeser, regional director of supplemental health benefit sales for Securian Financial
According to ongoing BenefitBump participant survey responses, 66% of participants say the service reduces stress and anxiety and 83% say it increases benefit awareness and utilization. In addition, a 2021 study of program participants found that 98% successfully returned to work.
Group hospital indemnity insurance is a workplace supplemental health policy that pays a pre-determined benefit to insured employees who experience a hospital stay covered by the policy. Employees can use the benefit to pay for out-of-pocket expenses not covered by their major medical insurance, or however they wish. With Securian Financial, insured employees do not have to experience a hospital stay to use BenefitBump. In fact, according to BenefitBump, since the service’s inception, nearly one-fifth of participants have engaged the service while family planning.
Workplace supplemental health benefits on the rise
According to a study conducted by benefits broker WTW, more employers are turning to supplemental health benefits to help protect employees from big medical bills and loss of income. The study, conducted between February 23 and March 12, 2021, found that among 238 organizations employing 3.7 million people, 42% offered group hospital indemnity insurance and 57% offered group critical illness insurance. By 2022, 65% of the organizations said they would offer hospital indemnity insurance to their employees, and 76% said they would offer critical illness insurance.
Additionally, LIMRA, a life insurance researcher and trade organization, reported recently that workplace supplemental health benefit premium rose 6% in 2021, to nearly $2.6 billion.
A group insurance leader
Securian Financial offers group life, accidental death and dismemberment (AD&D) and supplemental health insurance products to employers nationwide. The company specializes in large public and private employer plans with 1,000 or more participants. Since issuing its first group life insurance policy in 1917, Securian Financial through its subsidiaries, Minnesota Life Insurance Company and Securian Life Insurance Company has grown to become the third-largest direct writer of group life insurance in the United States. The company is the top provider of group life insurance to state governments, 16, and has an extensive list of Fortune 500 employer clients, including 18 of the Fortune 100.
ABOUT SECURIAN FINANCIAL
At Securian Financial, we’re here for family. And we’re here because of it. We’re guided by our purpose: helping customers build secure tomorrows. Since 1880, we’ve been building a uniquely diversified company that has outlasted economic ups and downs while staying true to our customers. We’re committed to the markets we serve, providing insurance, investment and retirement solutions that give families the confidence to focus on what’s truly valuable: banking memories with those who matter most.
Cover Whale | September 29, 2022
Cover Whale Insurance Solutions, Inc., a leading commercial trucking insurer and fast-growing insurtech, today announced the availability of two new technology platforms, an application programming interface (API) for agents and interactive mobile app for its insured truck drivers.
The API allows agents to seamlessly integrate their systems with Cover Whale's industry-leading commercial trucking insurance platform, streamlining the policy quoting and binding process even further for their independent owner-operator and small truck fleet clients. The API can deliver bindable quotes or indications with minimal information required. Cover Whale is the only commercial trucking-focused insurtech with a broad geographic reach to offer this capability to insurance agents.
The company also released its new, distinctive mobile app that effectively and conveniently informs commercial truck driver policyholders about their policies. With the Cover Whale Insurance app, everything a truck driver could need is right at their fingertips, instantly from instant, free, unlimited certificates of insurance, to claims filing, to troubleshooting their dashboard camera. In the world of trucking, time is money. The Cover Whale Insurance app helps drivers do what they do best, deliver.
"Our goal is to apply technology to offer truck drivers the best and most cost-effective insurance coverage. Our latest innovations really raise the bar in how we deliver for agents and policyholders, The API doubles down on one of our core strengths, which is enabling agents to sell more insurance, faster, while our mobile app ensures truck drivers get the support they need, when and where they need it. We're proud to lead this industry through innovation to create a faster, frictionless system that creates better outcomes for everyone within our network."
-Dan Abrahamsen, CEO of Cover Whale
About Cover Whale
Cover Whale, an insurtech founded by experienced insurance and technology veterans, focuses on technology, underwriting, and data to launch innovative insurance programs. Cover Whale delivers the industry's most agent-friendly online quoting experience to more than 5,000 agents so they can deliver fast, easy coverage for their clients. Maintaining excellent agent relationships has driven more than $150 million in active premium through the Cover Whale platform.