Prepared for Chanan | Delivered October 29, 2019
Term Life Insurance Innovation
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To understand innovation in the term life insurance sector: startups. To obtain information on each innovation's time in market, capital raised, gross revenue, website, and key features.
Term life insurance is a
in its category, hence, a
life insurance policy.
Some startups are aiming at
the life insurance sector.
This sector has not experienced as much
as other sectors of health. One factor is the industry language, the thought process, and how transactions are handled.
Any new approach should seek to:
at the center of the business.
approach by simplifying the
options and the purchase
Align with the
of the different generations. Meeting the needs of baby boomers,
, and generation zers.
is the focal point and
is the main advertising/customer relation/public image channel.
that have defined how business is done in this industry.
Startups are attempting to
carrier problems and any barriers.
Examples of startups that are aimed at term life insurance are