Life insurance startup GetLife has recently undergone a rebranding and is now known as Life5. The company has also raised $10.7 million in funding, which will be used to expand its services and reach a wider audience. Life5 aims to make life insurance more accessible and affordable for everyone.
The company uses technology to simplify the application process and offer personalized coverage options. Customers can easily apply for coverage online and receive a quote in minutes. The company’s rebranding is part of its efforts to differentiate itself from other life insurance providers and establish a strong brand identity.
The new name, Life5, reflects the company’s focus on providing five key benefits to its customers: affordability, accessibility, simplicity, flexibility, and transparency. The $10.7 million in funding from Singular along with Mundi Ventures and Global Brain. The funding will be used to expand Life5’s services and reach a wider audience, as well as to invest in technology and infrastructure. Life insurance is an important financial product that provides financial security to families in the event of a loved one’s death. However, many people are hesitant to purchase life insurance due to the perceived complexity of the application process and the high cost of coverage.
Life5 aims to address these issues by offering a simple, affordable, and accessible solution. Life5’s rebranding and funding announcement are significant developments in the life insurance industry. The company’s focus on affordability, accessibility, simplicity, flexibility, and transparency sets it apart from other providers and makes it an attractive option for consumers. As the company continues to expand its services and reach a wider audience, it has the potential to revolutionize the way people think about life insurance and make it more accessible to everyone.