Reframe Financial, a life InsurTech company, has launched a digital indexed universal life insurance product with cash value and long-term care (LTC) benefits called “Reframe LifeStage,” in partnership with Federal Life Insurance and Swiss Re. 

Reframe LifeStage has been designed to adapt and grow in value over time to cater to evolving customer requirements, and it is targeted at millennial and Gen-X employees through worksite employer groups and associations. It does not have minimum group size requirements for employers; hence, it can be offered to small businesses as well. It is currently available in 34 states in the US. 

The policy does not require invasive underwriting practices such as medical exams and can be applied online. It is powered by Magnum, Swiss Re’s underwriting automated solution, which, combined with Reframe’s tech platform, allows instant underwriting decisions at the point of sale to inform consumers if they have been accepted for coverage. The policies are underwritten by Federal Life with Swiss Re acting as the reinsurer.

Founded in 2019, Reframe is a life InsurTech company offering insurance products that cater to the financial requirements of families throughout different phases of their lives, from the early stages of building a family, to empty nesting and retirement.