Radius Bank, an online bank, is to offer its personal banking clients access to life insurance policies through new partnership with Ladder.
The integration will enable Radius bank clients will be able to apply for, and obtain life insurance within minutes, they claim. The partnership is an extension of the bank’s goal in providing its customers with innovative personal finance option.
Customers can apply for cover through Radius Online Banking, the Radius Mobile app or from Radius’ website. Applicants are asked a handful of simple questions to determine eligibility, desired coverage amount, and length of protection.
The InsurTech is a digital insurance platform which enables consumers to get quick access to insurance products. The platform offers policies and quotes within minutes and prices are locked in, no matter how much a holder’s health changes.
Ladder co-founder Jeff Merkel said, “Radius is staying ahead of the curve when it comes to understanding what customers need and, more importantly, want for their financial well-being.
“We are excited to help ensure their customers are covered when they hit major financial and personal milestones like owning a home and starting a family.”
Last year, Ladder was named in the inaugural InsurTech 100, a list of the most innovative InsurTech companies that every leader in the insurance industry needs to know about.
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