Silvur

Silvur is a financial technology company that provides retirement planning solutions and Medicare guidance services through its digital platform. The company's core product is a retirement planning app that helps users aged 50 and above understand how long their retirement savings will last through its patent-pending Retirement Score technology, which analyzes over 3,000 data points. The platform includes sophisticated calculators for Social Security benefits optimization, Medicare costs estimation, and cost of living comparisons between different locations in the US. Through its Cost of Living Calculator, users can compare retirement costs across different zip codes and understand how location impacts their retirement savings longevity. In September 2023, Silvur launched a subsidiary called Silvur Insurance to provide Medicare guidance and enrollment services to credit union members, offering personalized expert assistance for Medicare Advantage, Medicare Supplement, and Part D Prescription Drug plans. The company's services are delivered through partnerships with credit unions, providing their members with access to retirement education, planning tools, and Medicare guidance.

The platform includes a Retirement School feature that offers over 400 educational lessons focused on Social Security, Medicare, and retirement taxes. These lessons are designed to be easily understandable, avoiding complex government terminology while helping users maximize their retirement benefits.

Key customers and partnerships

Silvur partners with various credit unions to deliver its services to their members. In September 2023, MSU Federal Credit Union became the first credit union to offer Silvur Insurance's Medicare guidance services to its members. The company also has partnerships with Idaho Central Credit Union and ITCU to provide retirement planning services to their members. MSUFCU, one of Silvur's key partners, serves over 360,000 members and has over USD 8 billion in assets as of September 2023.