Lifenet Insurance Company announced that starting in June 2026, it will raise the enrollment age limit from 70 to 80 for its term life, whole life medical, and whole life cancer insurance products. To keep premiums affordable for seniors, they will also introduce lower minimum coverage options. This change addresses the rising smartphone adoption among seniors, which has reached 90% for those in their early 70s. The company also outlined future plans to integrate the My Number system and AI to automate procedures, detect address changes, and streamline claims processing, aiming for a fully automated life insurance experience.

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  • Source: PR TIMES
  • Category: New Product