Aflac
Aflac is a financial services company that offers supplemental and renewable insurance solutions to individuals and businesses in the United States, with a substantial presence in Japan. Its product portfolio includes accident, cancer, critical illness, life, hospital, short-term disability, dental, and vision insurance, and it provides employer services such as cafeteria plans, COBRA administration, commuter spending accounts, HSA and HRA incentives, and enrollment solutions. The company markets policies primarily through independent distributors, with a substantial share sold directly to employees at worksites and through digital channels. Aflac serves individuals, families, employers, brokers, and agents. Founded in 1955 and headquartered in Columbus, Georgia, it operates in the United States and Japan, with Japan generating the majority of revenue and the United States comprising the other segment.
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Past deals in Life Insurance
Covr Financial Technologies
Series B in 2022
Covr Financial Technologies, Inc. is a digitally enabled brokerage general agency based in Boise, Idaho, founded in 2013. The company specializes in providing life, long-term care, and disability insurance solutions tailored for financial institutions, advisors, and their clients. Covr offers a suite of digital platforms, including Covr Advisor, which helps financial advisors meet their clients' insurance needs by selecting appropriate products; Covr Consumer, which allows banks and credit unions to sell life insurance directly to customers; and Covr Insights, a tool for managing and analyzing existing life insurance policies. The company serves over 24,000 financial advisors and 13 million customers across 30 financial institutions, facilitating a simplified and efficient sales process for life insurance products.
Pendella
Seed Round in 2022
Founded in 2018, Pendella is a technology company that simplifies employee benefits. It offers an AI-powered platform providing instant life and disability insurance quotes, personalized recommendations, and seamless implementation for employers, HR systems, PEOs, brokers, and enrollment firms.
Pendella
Seed Round in 2021
Founded in 2018, Pendella is a technology company that simplifies employee benefits. It offers an AI-powered platform providing instant life and disability insurance quotes, personalized recommendations, and seamless implementation for employers, HR systems, PEOs, brokers, and enrollment firms.
Covr Financial Technologies
Convertible Note in 2020
Covr Financial Technologies, Inc. is a digitally enabled brokerage general agency based in Boise, Idaho, founded in 2013. The company specializes in providing life, long-term care, and disability insurance solutions tailored for financial institutions, advisors, and their clients. Covr offers a suite of digital platforms, including Covr Advisor, which helps financial advisors meet their clients' insurance needs by selecting appropriate products; Covr Consumer, which allows banks and credit unions to sell life insurance directly to customers; and Covr Insights, a tool for managing and analyzing existing life insurance policies. The company serves over 24,000 financial advisors and 13 million customers across 30 financial institutions, facilitating a simplified and efficient sales process for life insurance products.
Singapore Life
Series B in 2018
Singapore Life provides digital life insurance services in Singapore, offering high net worth universal life solutions and protection products accessible digitally and through financial advisers. It leverages InsurTech to streamline the customer experience and promotes a simplified insurance purchase. The company also operates an insurance brokerage that quotes policies from multiple distributors and offers investment solutions and debit cards to help clients manage their financial well-being across life stages.
Tomorrow Ideas
Seed Round in 2018
Tomorrow Ideas, Inc. is a company focused on safeguarding families' financial futures through its innovative application. The app offers essential features such as a last will and testament, information on state laws, a revocable living trust, and guardianship arrangements for children and pets. Additionally, it provides tools for calculating net worth and life insurance needs, along with a comparison of term life insurance options and a complimentary insurance policy. Founded in 2015 and headquartered in Seattle, Washington, Tomorrow Ideas ensures its application is accessible on both iOS and Android devices, making it convenient for users to manage their financial planning.
Continental American Insurance Company
Acquisition in 2009
Continental American Insurance Company, originally established as Carolina Continental Insurance Company in 1980, specializes in providing voluntary group insurance products aimed at delivering personal and family protection to working Americans. The company offers a range of services, including benefits consulting, enrollment assistance, employee communication, and group insurance options covering critical illness, accident, life, and disability income. Distributed primarily through insurance brokers at the workplace, CAIC focuses on enhancing the financial security of employees and their families. The company's strong financial standing is reflected in its A- (Excellent) rating from A.M. Best, underscoring its commitment to stability and reliability in the insurance market.
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