- FOXO LIFE signs insurance carrier to managing general agency agreement
- FOXO LIFE to begin distributing Haven Life insurance products through independent agent distribution channels
MINNEAPOLIS–(BUSINESS WIRE)–FOXO Technologies Inc. (NYSEAM: FOXO), a technology platform company whose products and services seek to address long-standing, core problems within the life insurance industry through epigenetic longevity science, today announced that its insurance distribution subsidiary, FOXO LIFE, signed a managing general agency agreement with Haven Life, the insurance technology arm and wholly-owned subsidiary of MassMutual, a carrier with over 170 years of strength and stability.
FOXO LIFE and Haven Life are announcing this strategic agreement in advance of the NAILBA Annual Meeting, November 14-16, which is the largest gathering of independent life brokerage agencies, insurance carriers and independent distribution product and service providers.
Haven Life has been an innovator within the life insurance industry for nearly a decade, introducing an end-to-end, fully digital purchasing experience for term life insurance in 2015 and expanding to other products.
“This agreement will allow FOXO LIFE to rapidly expand its footprint among independent agent distribution channels,” said Jim Grauel, Jr. Chief Distribution Officer of FOXO LIFE. “We have distribution partners excited to begin contracting and selling the innovative products offered through Haven Life.”
“The relationship between FOXO LIFE and Haven Life is a perfect fit as we grow within independent agent distribution channels,” said Wade Seward, Head of Partnership Distribution at Haven Life. “FOXO LIFE’s emphasis on improving the consumer aging experience and enhancing healthy longevity is everything we were looking for in a partner.”
About FOXO Technologies Inc. (“FOXO”)
FOXO is a technology platform company focused on commercializing longevity science into products and services that serve the life insurance industry. FOXO’s epigenetic technology applies AI to DNA methylation to identify molecular biomarkers of human health and aging. FOXO seeks to modernize the life insurance industry by simplifying the consumer underwriting journey with saliva-based biomarkers and enhancing life insurance’s consumer value proposition with the FOXO Longevity Report. For more information about FOXO, visit www.foxotechnologies.com. For more information about FOXO LIFE, visit www.foxolife.com. For investor information and updates, visit https://foxotechnologies.com/investors/.
About Haven Life
Haven Life Insurance Agency, LLC (Haven Life) is re-thinking how people financially protect the ones they love. Haven Life is committed to delivering exceptional products, delightful purchasing experiences, and meaningful moments of service to the modern life insurance customer.
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Forward-Looking Statements
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Contacts
Contacts / Investor Relations
Cody Slach, Matthew Hausch
Gateway Investor Relations
(949) 574-3860
FOXO@gatewayir.com