American Family partners with Votaire
American Family has partnered with Votaire, a financial wellness and benefits platform, to offer a new option for purchasing life insurance online via Life Direct. Developed for consumers who prefer the independence and convenience of an online purchase experience, Life Direct offers an application that takes only 13 minutes to complete, on average. With minimal lifestyle and health questions – and no medical exam – Life Direct provides customers just that – a direct and uncomplicated path to life insurance coverage.
The partnership with Votaire marks a milestone in the insurance/technology industry, as this American Family life insurance solution will be available to participants of Votaire, an employer-provided financial wellness and benefits platform, through a digital-first experience.
The Votaire app analyzes users’ financial health through a series of questions and identifies gaps in their financial forecasts based on what they have and what they aspire to have. If a gap is identified in life insurance, Life Direct is presented as an option to help fill that gap.
“It’s not only important to educate consumers about the importance of life insurance protection, but to provide our customers with the purchasing options they want – and for some that means an online preference. This partnership is one of the first of its kind in the life insurance space and allows customers and potential customers to not only identify potential gaps in their life insurance coverage through the Votaire platform, but be directed to Life Direct to easily and conveniently obtain a quote and purchase online if they choose.” – Rich Steffen, American Family Life Insurance Company president.
“This joint solution is uniquely situated to influence employee behavior and promote positive financial wellness outcomes. By positioning American Family’s life insurance solutions within an employer-sponsored program, employees will have both the resources and confidence to close their life insurance gaps. American Family’s trusted brand and innovative thinking makes them the perfect partner for taking our participants beyond guidance, right to the solution.” – Votaire co-founder and CEO Tom Totten.