Here's The Problem:

In exchange for premium payments, insurance companies pay a lump sum known as a death benefit to your beneficiaries upon your death. Your beneficiaries can use the death benefit for whatever purpose they choose. That's a win-win situation, right?

But what happens when a beneficiary is unaware of a death benefit? Imagine paying thousands of dollars in life insurance premiums during your lifetime in hopes of protecting your dependents, only to have it go unclaimed by your beneficiary when you die.

Every year, countless life insurance benefits are left unidentified. At least $1 billion in death benefits from misplaced or forgotten life insurance policies are just waiting to be claimed by their owners.

The odds that your beneficiary might be one of these individuals are 1 in 600— meaning you're more likely to win a $100 Powerball ticket. The average unclaimed death benefit is $2000, and some payouts have been as high as $300,000. That's a significant amount of money that could certainly help make life easier for the most important people in your life.

Unfortunately, the insurer -- that is, the insurance company -- has no obligation to determine whether the policyholder is dead or even search and inform the policy's beneficiary. And in instances when insurance companies were to become aware of a policyholder's death, they cannot always track down the beneficiary.

Here's Our Solution:

Meet Lifepolly, your new AI-powered assistant! Lifepolly eliminates the guess-work in the life insurance game because this is life insurance we're talking about, not a scratch-off ticket. With your loved ones' futures at stake, there's no room for gambling.

An insurtech company, Lifepolly, utilizes AI to protect policyholders' life insurance death benefits. By conducting routine life-checks, it can locate beneficiaries at the event of a death and communicate the availability of death benefits to its recipients.