Community Corner
Zelros is using artificial intelligence & machine learning technology
Insurance topics like life insurance fall under financial literacy, which is on top of people's mind now that the New Year is here.
According to a survey conducted by Zelros of over 1,000 people across the US, Canada, and Europe, 60% of 18-24 year old's and 61.6% of 25-34 year old's think that insurance is too expensive. . Let’s take a closer look:
A recent CNBC article highlights that baby boomers are set to pass to their children more than $68 trillion, the biggest wealth transfer ever.
Which means Insurance conversations need to be occurring now and not later. And this is to be had across all generations, not just older ones, especially when it comes to helping people understand how to preserve generational wealth. For example, did you know the earlier you take out a life insurance policy, the cheaper it will be. This applies to policies that parents get for their kids once they are born and policies that those in their early to mid 20s get for themselves.
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With some policies on children, you can actually finish paying the premium by the time the child is an adult, leaving them with an effective policy and without worry of how they’ll pay for coverage. Planning ahead can help increase access and make it to where cost isn’t the biggest deciding factor in whether or not someone is covered.
Founded in 2016 by Christophe Bourguignat and Damien Philippon, Zelros is using artificial Intelligence and machine learning technology to help insurers provide policyholders with the right coverage for their needs as they occur in real-time.
