Simple Disability Insurance is a pioneering startup that aims to simplify and revolutionize the disability insurance industry in the United States. With a slogan promising an effortless, 10-minute process, the company is targeting the nearly 100 million American workers currently without disability insurance, presenting a substantial $61 billion market opportunity. Through their SaaS platform, Simple Disability Insurance eliminates the complexity and friction typically associated with purchasing disability insurance. Utilizing advanced data analytics, the platform enables various financial institutions to identify clients who have both the need and interest in disability insurance, delivering tailored marketing content and guiding them through a streamlined online application process. Notably, each policy is underwritten in real time, issued electronically, and instantly delivered to the consumer, drastically reducing what was once a labor-intensive, six-month task to a smooth, 10-minute customer experience. Founded in 2015, Simple Disability Insurance operates within the realms of Analytics, Automation, Big Data, Fintech, and SaaS. The company's innovative approach has attracted a $1.50M Convertible Note investment from Camp One Ventures and PradoSV on 20 January 2016. With the potential to easily integrate with various financial services distribution models, the startup offers a white-label solution for banks, insurance companies, agencies, broker-dealers, benefit and payroll providers, and affinity partners, providing them with the opportunity to enhance loyalty and revenue within their existing client base without incurring additional customer acquisition costs. Simple Disability Insurance is effectively simplifying the process of purchasing disability insurance like never before.
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