Helping Seniors Secure Their Financial Future
In 2022, we set out on a mission to help seniors pay for their medical and dental expenses. Along the way, we uncovered an alarming truth: nearly 60% of seniors have permanent - Whole or Universal - life insurance, but over 88% of people lapse or surrender their policy before ever seeing an economic benefit. This results in over $115 billion being surrendered back to insurance carriers each year by Americans age 65 and older.
The Problem:
Unplanned Expenses
Why do so many seniors lapse their life insurance?
The answer is simple: unplanned expenses.
When purchasing life insurance, people carefully consider mortality risks but often underestimate the impact of unexpected costs. Medical bills, dental treatments, and other financial burdens can force seniors into difficult decisions, leading to policy surrender and lost benefits.
Our Solution: VivantPay
At VivantPay, we’re changing the game by helping seniors capture the value of their life insurance policies so they don’t have to surrender or lose them.
We offer seniors cash loans based off the face value of their life insurance policy. The entire loan is paid back from their policy. VivantPay users have no out-of-pocket costs and - most importantly - do not experience a negative impact to their budget. You can afford the care you need without experiencing any financial stress.
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With VivantPay, seniors can finally take control of their financial future. Your life insurance should be an asset, not a burden.