Company announces partnership that will enhance employee benefit offerings
March 27, 2019—Afficiency, Inc. announced its partnership with Benefitfocus, Inc. (NASDAQ: BNFT) to jointly develop and distribute innovative life insurance products to working Americans.
“Buying meaningful and affordable individual life insurance coverage can be a complex proposition for most consumers, which has led to significant under-protection in America,” said Mark Scafaro, Afficieny’s CEO. “We are delighted to partner with Benefitfocus to help change that, by tailoring life insurance for the individual employee and making it simple for them to buy instant, individually-priced and cost-effective coverage online through the Benefitfocus platform offered by their employers.”
Afficieny’s new life insurance offerings will premiere at the Benefitfocus annual One Place conference, taking place in Charleston, SC, from March 26-28, allowing the product to be available for the 2019-2020 benefits enrollment season.
“Our affiliation with Afficiency represents an exciting new direction for our platform,” Benefitfocus President & CEO, Ray August, said. “We have the industry’s largest benefits product offering on a single, seamless platform that connects consumers to the best products to protect themselves and their families throughout life. Now, we are also delivering exclusive, new products that will only be available on the Benefitfocus platform, enhancing the value of our employer customer programs for the American workforce.”
Afficiency, Inc., an insuretech start-up company based in New York City, uses state-of-the-art technology to build life insurance solutions from the consumer’s perspective. Afficiency partners with carriers to tailor products, increase distribution, and evolve the product and platform to meet the needs of carriers and their customers. Afficiency helps their carrier partners quickly and efficiently offer innovative products that make a significant impact in their customers’ lives. Thanks to their real-time, data-enabled underwriting, Afficiency’s life insurance products can be effortlessly purchased online in about 10 minutes. Learn more at afficiency.com, Twitter and LinkedIn.
Benefitfocus (NASDAQ: BNFT) unifies the entire U.S. benefits industry on a single technology platform to protect consumers’ health, wealth, property and lifestyle. Their powerful cloud-based software, data-driven insights and thoughtfully-designed services, enable employers, insurance brokers and carriers to simplify the complexity of benefits administration and deliver a world-class benefits experience. The Benefitfocus Platform is industry leading in reliability and peak response rate. Learn more at benefitfocus.com, LinkedIn and Twitter.
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