Leap Life Transforms Life Insurance with Launch of Personalized Platform

USA - English

• USA - English

SAN FRANCISCO, May 1, 2019 /PRNewswire-PRWeb/ -- Leap Life has announced the launch of its digital life insurance platform which is reinventing the way life insurance is sold. Leap Life uses deep underwriting knowledge and advanced technology to match people with the right carrier and policy to fit their needs.

Traditional life insurance has struggled to keep up with the digital age consumer, from the cumbersome way it's sold to the lack of an intuitive online user experience. By utilizing cutting-edge technology, Leap Life has been able to predict an applicant's chances of getting approved and set them on the best and most affordable path. The matching algorithm optimizes need, health and financial fit.

"The life insurance industry is on the verge of the next phase of innovation," said Tom Patterson, CEO and Co-Founder of Leap Life. "Regardless of age, health status or credit standing, all people deserve access to good insurance, at an affordable rate, through a seamless online process. It's our goal to democratize this process through our digital platform."

Based on analysis work Leap Life has modeled internally, from analyzing thousands of data points, the majority of consumers (up to 80 percent) can pay anywhere from 50 to 300 percent more for their life insurance policy, if they use the wrong carrier. Standing behind its mission that families deserve better, Leap Life offers transparent life insurance policies matched to each person's unique situation.

Leap Life has partnered with best-in-class carriers, including Pacific Life, Lincoln, Mutual of Omaha, Protective and others, to create a unique life insurance buying experience matched to different population segments. Multi-carrier access allows the company to match people with the right policy to accommodate each budget and leverage the powerful underwriting and pricing of all carriers, not just one. Leap Life is backed by RGAX, the transformation unit of global reinsurer Reinsurance Group of America, Incorporated, and Assurity, an innovative life insurance carrier.

"At RGAX, we are focused on transforming the life insurance industry, and we strategically partner with strong insurtechs, like Leap Life, that will drive the greatest industry impact," said Chris Murumets, Managing Director of RGAX Americas.

Leap Life also works with trusted FinTech and Insurance partners like Credit Sesame, Insurify and many others to offer consumers increased convenience and access to a digital insurance experience wherever they are on the web and whatever their personal situation may be.

"We believe that the life insurance industry is changing rapidly, and we are leading the change with innovative insurtechs such as Leap Life," said Jared Carlson, Head of Corporate Venture of Assurity.

About Leap Life

Leap Life is a licensed digital life insurance agency and technology company, available everywhere in the United States, excluding New York. The San Francisco-based company combines leading data science, deep underwriting knowledge and proprietary technology to match consumers with the right carrier. Consumers can apply online from the convenience of a laptop or smartphone.
Learn more at: http://www.leaplife.com.

SOURCE Leap Life