FORT MYERS, Fla., June 21, 2022 (GLOBE NEWSWIRE) — Pendella Technologies, a fast-growing technology company on a mission to eliminate bias in life insurance, will bring its life insurance platform and White-label disability insurance to more small-business employers through a new agreement with Colorado-based PEO Partners.

With Pendella’s AI-powered integrated technology, Partners PEO customers can now offer their employees the ability to easily compare, quote and purchase critical financial protection online in minutes, without the need for a medical examination.

The partnership expands Partners PEO’s current offerings for high-risk industries, which also include payroll, security, workers’ compensation, human resources and other benefits.

The Pendella platform provides access to a variety of affordable individual life and disability insurance coverage from leading national providers. Simplified underwriting gives everyone, regardless of age, health or income level, the ability to purchase individual life and disability insurance policies for a low monthly payment.

“Adding life and disability insurance protection from Pendella allows us to deliver on our promise to be a full-service partner for our customers. We know employers are looking for more ways to attract and retain talent and adding important benefits like these will bring great comfort to employees and their families,” said Darlene Suer, CEO of Partners PEO. .

Consumer awareness and demand for life insurance has peaked nationally in recent years due to the COVID-19 pandemic, according to the financial research firm LIMRA. Three in 10 Americans say they are more likely to buy coverage than they were a few years ago, according to a recent LIMRA survey, and policy sales are steadily rising. Whole life premium rose 27% in the fourth quarter of 2021, LIMRA said, the strongest quarterly premium growth in 30 years.

“I started Pendella to help close the life insurance protection gap by making it easier for people to get the coverage they need,” said Pendella Founder and CEO Bob Gaydos. “We’re looking for more forward-thinking PEOs like Partners to help us reach the more than 100 million Americans who don’t have adequate – or any – life insurance protection.”

About Pendella

Pendella is a technology company that exists to make individual life and disability insurance financial protection available to everyone, regardless of age, health status or income level. Pendella’s comprehensive enterprise SaaS solution is powered by artificial intelligence and big data to automate underwriting and deliver a simple, intuitive and enjoyable experience to thousands of people through partnerships with insurance companies and top-notch distributors. White-label customization allows for a seamless end-to-end experience. Instant life and disability insurance in minutes. No paperwork. No medical examinations. Implemented with minimal effort.

For more information or to schedule an interview, contact: [email protected]

A photo accompanying this ad is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/407340f0-3c2f-4ea8-8048-f4a651de8b26

PROVIDENCE, RI (WPRI) – As new cases of COVID-19 increase in Rhode Island – pushing more people into quarantine and out of work – so too are claims for temporary disability insurance.

Matt Weldon, director of RI’s labor and training department, said claims for TDI and temporary caregiver insurance have averaged 900 claims per week in recent months. But over the past month, those numbers have multiplied.

“Since November we’ve been climbing every week a bit at a time,” Weldon said. “Last week we had around 1,600 complaints. “

“It’s pretty busy right now,” he added.

According to DLT data, there were 1,450 new TDI and TCI claims the week ending December 4, 1,593 the week ending December 11, and 1,626 last week. Weldon said the increase in claims reflects the surge in coronavirus cases and the end of federal unemployment benefits.

Typically, TDI benefits represent about 60% of an individual’s income up to a cap of just under $ 1,000 per week. TDI services are not taxable, while TCI services are.

“We had the Pandemic Unemployment Assistance Program that was created by the federal government to provide unemployment benefits to people affected by COVID,” Weldon said. “It expired that first weekend in September.

“Since then, people who have been directly affected by COVID – that is to say they have COVID or they have to quarantine themselves – have not been eligible for unemployment,” he said. he adds. “So people applied for the TDI. “

This is the case of Katherin Ciociola. She contacted 12 responses on WPRI.com with a question after seeing that the TDI app requires “that you be physically examined by a qualified health care provider,” according to the online complaints portal.

“On the app, it asks you for information about the doctor,” said Ciociola, who has recently started to feel sick and is expected to be tested on Tuesday. “If you just go to a test site, you wouldn’t have this.”

Ciociola works from home, so her income would likely not be affected. But her boyfriend doesn’t have that option, and with two children, she worries about the impact on their income if he gets sick or has to stay home and take time off from work.

“If he needs to isolate or quarantine, how are we going to pay our bills, buy food for our family,” she said. “We’re just trying to plan ahead.”

Earlier in the pandemic, former governor Gina Raimondo signed an executive decree that waived the doctor’s note requirement, but has since expired. Weldon said that for the first week of benefits, however, the claimant does not need to provide medical certification.

“All they need is some sort of documentation, ie an email from the Department of Health or a test result,” Weldon said. “We would accept that.”

Right now, a doctor’s note would be required after the first week of benefits, but Weldon said he would soon extend it to two weeks as health officials recommend people quarantine themselves for 10 days when they test positive.