Small businesses and entrepreneurs can now shop, compare and buy term life insurance from a network of leading carriers.
TORONTO, August 4, 2022 /PRNewswire/ — Nuula, a fintech company focused on providing small businesses with the tools and capital they need to succeed, today announced a new term life insurance feature that offers small business owners and entrepreneurs coverage options of a network of major operators. powered by Even Financial (“Even”), a leading integrated finance marketplace platform and an independent subsidiary of MoneyLion Inc. (“MoneyLion”) (NYSE: ML). Using the Nuula app, users will now be able to shop, compare and buy term life insurance, with policies up to $5 million in coverage and terms from 10 to 40 years.
Policies in Nuula’s new term life insurance feature are generated and managed by LeapLife, an insurtech platform and life insurance agency licensed, owned and operated by Even.
“While small business owners and entrepreneurs are investing in their business, they also need to invest more readily in themselves and the safety of their loved ones,” he said. Mark Ruddock, CEO of Nuula. “Adding term life insurance further expands the range of services we offer to meet the diverse needs of today’s small business owner.”
“Insureds want an easier way to shop, compare policies and prices and find a policy that’s right for them,” he said. Andrew Naoum, SVP of Sales at Even. “By partnering with Even, Nuula small businesses have a network of selected carriers rated A- and higher by AM Best, world-class customer support and a search function that matches people with appropriate policies and the lowest prices available when and where I need it.”
Today’s news follows the launch of a new personal loan search feature aimed at early-stage small businesses, powered by Even.
Nuula is building the future of small business performance. Launched in 2021, Nuula is a technology and financial services company focused on serving the small and medium business community. Nuula provides real-time data and analytics, enabling businesses to manage their finances, monitor their credit ratings and user reviews, and more. Nuula is an advocate for financial inclusion and a proud Kiva partner to create economic and social good. To learn more about Nuula, visit www.nuula.com.
About Even Financial and LeapLife
It is even the industry leading integrated financial market and the independent subsidiary of MoneyLion Inc. (“MoneyLion”) (NYSE: ML). MoneyLion is the go-to destination for personalized financial management, content, offers and advice. As part of MoneyLion’s business offering, Even digitally connects and matches consumers with personalized, real-time financial product recommendations from banks, insurance companies and fintech companies across mobile apps, websites and other touchpoints. digital contact through its market technology. Even’s infrastructure leverages machine learning and advanced data science to solve a major problem in financial services customer acquisition by seamlessly connecting financial service providers (like SoFi) and channel partners (like TransUnion) through its industry-leading API and integrated financial markets. It even allows any company to add financial products to their business, with full compliance and security at scale. Even was named one of “America’s Best Startup Entrepreneurs” by Forbes for 2022 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the world’s fastest growing technology companies. More information at www.evenfinancial.com i investors.moneyion.com.
LeapLife is a licensed life insurance agency that uses data science, deep underwriting insights and proprietary technology, enabling consumers to apply for instant decision life insurance policies with real-time quotes, available at 50 states Even Financial (Even) acquired LeapLife in early 2020. Learn more at www.leaplife.com