Here's How One Company is Taking Insurance Protection to the Next Level
The novel tool revolutionizes employee benefits by combining life, personal-line, and entirely new protection products into algorithmically optimized and personalized portfolios to celebrate life’s highs and protect life’s lows.
FREMONT, CA: In today’s times, although insurance is more accessible than ever before, optional benefits are often overshadowed by medical and retirement benefits. Supplemental benefit enrollment rates are meager, ranging from five to 20 percent, according to data. Overalls, personalized, an all-in-one protection platform addresses this disparity by developing a tailored and dynamic insurance model and collaborating with companies around the country to provide fully-rounded benefits for today’s workforce.
Overalls’ ‘Celebrate’ program is a one-of-a-kind service, a happy insurance extension created to commemorate life’s events like buying a home, getting engaged, having a baby, and more. “Today, insurance is confusing and disjointed,” said Jon Cooper, CEO of Overalls. “Instead of spending hours researching the nuances of the industry or putting their trust in a commissioned sales person, consumers—through their employers—can use Overalls to source protection tailored to their lifestyle and financial goals in one place.”
The tool revolutionizes employee benefits by combining life, personal-line, and entirely new protection products into algorithmically optimized and personalized portfolios to celebrate life’s highs and protect life’s lows. According to the Overalls algorithm, consumers’ important financial milestones and targets are combined with information about their personality and lifestyle to develop a personal portfolio of the finest supplementary protection plans and complementing products. Overalls is a no-cost solution for companies that helps employees get more out of their voluntary benefits by protecting and celebrating the people and things that matter most to them. The platform will be accessible directly through companies to add to their current benefits package when they launch.