bs-preloader__icon
ru kz en

Jay-Z, Downey Jr. and Will Smith supported a life insurance start-up

San Francisco. Interfax - Not only professional investors, but also the stars of cinema, music and sports are interested in Californian startup Ethos Life, which wants to transform the life insurance system in the US.
Jay-Z, Downey Jr. and Will Smith supported a life insurance start-up
Jay-Z, Downey Jr. and Will Smith supported a life insurance start-up
Jay-Z, Downey Jr. and Will Smith supported a life insurance start-up

The company behind the startup is Ethos Technologies Inc., it raised $11.5 million in a round of funding, with participation of such actors as Will Smith, Robert Downey Jr., a rapper Jay-Z and a basketball player Kevin Durant in June, writes the San Francisco Business Times.

The number of investors included Stanford University and Sequoia Capital Company, which will get a seat on the board of directors of Ethos.

Ethos Life creators Peter Colis and Lingke Wang promise to significantly simplify the life insurance process: get rid of intermediaries, give up most diagnostic studies, speed up policy issuance, and reduce their cost.

At the moment, Ethos insurance policies, underwriter of which is Assurity Life Insurance Co. from Nebraska, are available in 49 states. New York was excluded from the list, having the most stringent insurance rules in the US.

According to P. Colis, the policy can be issued in 10 minutes; the cheapest option costs $6 per month, several times less than that of traditional insurers. Prices vary depending on the age and medical condition that consumers assess themselves.

Photos per websites: vulture.com, http://ru.marvel.wikia.com, thecollegeinvestor.com 24segodnya.ru celebrityinsider.org

 

Share
read also
Fitch assigned Standard Life, Kazakhstan, a “B” rating, “Stable”.
Fitch assigned Standard Life, Kazakhstan, a “B” rating, “Stable”.

Strong position of the company in terms of regulatory solvency was noted. The ratings...

The volume of insurance premiums in Kazakhstan has increased by 18.8% in January-February
The volume of insurance premiums in Kazakhstan has increased by 18.8% in January-February

Profit of insurance sector for two months amounted to 10.3 billion tenge increasing b...

“People will gradually realize the convenience and benefits of onl.kz”
“People will gradually realize the convenience and benefits of onl.kz”

Onl.kz portal, a new modern instrument for customers’ convenience, appeared in the ...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application