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.”
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]
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