Wysh integrates with Q2’s digital banking platform

Wysh Life and Health Insurance Company announced the integration of its Life Benefit product with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program.

Q2 provides cloud-based digital solutions to regional and community financial institutions.

Life Benefit is a micro life insurance solution that provides bank customers with up to $20,000 of free life insurance coverage, based on their deposit account balances. The integration with Q2’s Digital Banking Platform enables financial institutions to embed Life Benefit into their digital banking experience.

Q2 had ~1,400 clients and ~23 million end users on its digital banking platform on March 31, 2024.

In October 2023, Wysh announced the launch of Savings+, a product that couples high-yield savings with life insurance without the need for underwriting and works to help “underserved communities” gain insurance protection at no cost. Helix, Q2’s embedded finance solution, powers Wysh’s Savings+ product.

“We are thrilled to partner with Q2 and bring Life Benefit to financial institutions through the Q2 Digital Banking Platform. This integration marks a significant milestone in our mission to simplify financial protection and close America’s life insurance coverage gap. By seamlessly integrating Life Benefit into the digital banking experience, we are making it easier than ever for financial institutions to offer their customers an innovative, hassle-free life insurance solution.” – Alex Matjanec, Founder & CEO of Wysh.

“We are excited to welcome Life Benefit by Wysh to the Q2 Partner Accelerator Program. Financial institutions now have the ability to offer an embedded life insurance solution directly to their customers.” – Johnny Ola, Managing Director of Q2 Innovation Studio.