Prudential’s focus on engaging financial wellness education and tools leads to ‘unique synergy’ with Welltok and its employee activation platform.
Schultis will lead the company’s client-focused, technology-driven approach in serving the life and annuity markets.
The annuity provides adult children of Boomers with guaranteed income for their parents beginning at age 91.
The new offering for the adult children of the boomer generation who are concerned about their parents outliving their financial resources was built by the Quilt team, acquired by Haven Life in 2018.
The SPIA is the first third-party distributed annuity offered by USAA Life through Fidelity Investments, a company SE2 has been working with since 2013.
USAA Life chose the Ebix platform for the launch of its first third-party offering after considering various solutions in the market.
Announcements of new startups have not slowed, and the industry is seeing more second-round investments and larger funding amounts.
The product is designed to provide financial protection for the adult children of the boomer generation who are concerned about their parents outliving their financial resources.
SE2 will convert policies spanning multiple legacy systems onto the SE2 Aurum digital platform to enhance customer experience, optimize cost structure, and increase speed-to-market for future products.
The introduction of SolutionBuilder helps ensure that advisers can quickly identify the best solution for their client’s specific needs and budget.