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New Life Policy Fits Consumer Loans Like Spandex: Life Moves

What You Need to Know
The Covr LoanMatch program is an example of Aflac venture capital at work.
Lincoln Financial s announcement shows that (some) product guarantees are still out there.
Sammons’ life companies are appealing to index design connoisseurs.
Covr Financial Technologies is working with a life insurer and a reinsurer to sell decreasing benefit term life policies that provide just enough coverage to fit consumers’ loans.
The Hartford, Connecticut-based company, together with Americo Financial Life and Annuity Insurance Company and Scor S.E., is bringing the LoanMatch Protector life insurance policy to market.
Americo and other life insurers have been selling ....

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Covr Financial Technologies, Americo and SCOR Join Forces to Launch New Life Insurance Product Aligned with Consumer and Business Lending

Covr Financial Technologies, Americo and SCOR Join Forces to Launch New Life Insurance Product Aligned with Consumer and Business Lending
LoanMatch Protector provides life insurance tailored to loan amortization schedules, including mortgage and small business loans
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HARTFORD, Conn., Jan. 15, 2021 /PRNewswire/
Covr Financial Technologies (Covr), Americo Financial Life and Annuity Insurance Company (Americo), and global reinsurer SCOR are today announcing the launch of LoanMatch Protector, a first-of-its-kind life insurance policy customized to a consumer s specific loan amortization schedule. This new collaboration brings LoanMatch Protector to customers of banks, credit unions, lenders, e-banks and direct lenders through Covr s industry-leading, white-labeled digital life insurance platform. Covr has made it easy for customers of their partner financial institutions to purchase coverage during or after their loan applicati ....

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