Community and Regional Financial Institutions Partner with Wysh Life and Health Insurance Company to Offer Embedded Life Insurance
New York, New York–(Newsfile Corp. – September 17, 2024)
Wysh Life and Health Insurance Company, an AM Best A-rated insurance carrier, has recently announced a groundbreaking partnership with community and regional financial institutions. Through this partnership, account holders at these institutions will have access to embedded life insurance through Wysh’s innovative Life Benefit product. This collaboration aims to provide increased financial security and offer innovative deposit products to customers.
Wysh Life Benefit Product Available on Jack Henry™ Digital Banking Platform
Wysh Life Insurance Company has made its Life Benefit product accessible through the Jack Henry digital banking platform. By leveraging the Banno Digital Toolkit, the same set of APIs that powers the Banno Digital Platform, Wysh has seamlessly integrated its technology into the digital banking experiences offered by community and regional financial institutions.
This collaboration allows account holders to easily access and manage their life insurance policies directly through their online banking accounts. By embedding life insurance into the digital banking platform, Wysh and its partner financial institutions are making it more convenient for customers to protect themselves and their loved ones financially.
Embedded life insurance offers a new level of convenience and peace of mind for account holders. Instead of having to apply for a separate life insurance policy, customers can now opt-in to coverage directly through their existing banking relationship. This streamlined approach simplifies the insurance process and ensures that individuals have the financial protection they need.
Benefitting Account Holders and the Financial Industry
This partnership between Wysh Life and Health Insurance Company and community and regional financial institutions has the potential to revolutionize the way individuals access and purchase life insurance. By integrating life insurance into digital banking platforms, account holders can easily take advantage of this essential financial product.
For account holders, embedded life insurance offers convenience, peace of mind, and increased financial security. By having access to life insurance through their trusted financial institutions, individuals can ensure that their loved ones are protected in the event of an unforeseen tragedy.
For the financial industry, this collaboration represents a new era of innovation and customer-centric offerings. By partnering with insurance carriers like Wysh Life Insurance Company, community and regional financial institutions can differentiate themselves in the market and attract new customers seeking comprehensive financial solutions.
How Will This Partnership Affect Me?
As a customer of a community or regional financial institution, you may soon have the opportunity to access embedded life insurance through your online banking platform. This collaboration between Wysh Life Insurance Company and financial institutions aims to provide you with added financial security and convenience. By opting-in to embedded life insurance, you can ensure that your loved ones are protected in the event of your passing, all while managing your policy through your trusted banking relationship.
How Will This Partnership Affect the World?
The partnership between Wysh Life Insurance Company and community and regional financial institutions has the potential to transform the way individuals access and purchase life insurance worldwide. By embedding life insurance into digital banking platforms, this collaboration makes it easier for people to obtain essential financial protection. This innovative approach could set a new standard for the insurance industry and lead to increased financial security for individuals around the globe.
Conclusion
The partnership between Wysh Life and Health Insurance Company and community and regional financial institutions represents a significant step towards offering embedded life insurance to account holders. By integrating life insurance into digital banking platforms, this collaboration provides customers with added convenience, financial security, and peace of mind. As this innovative approach gains traction, it has the potential to positively impact individuals and the financial industry on a global scale.
