Q2 offers cloud-based digital solutions tailored for regional and community financial institutions. This new integration allows these institutions to seamlessly embed Wysh’s Life Benefit into their digital banking experience.
Life Benefit is a micro life insurance product providing up to $20,000 in free life insurance coverage based on a customer’s deposit account balances. As of March 31, 2024, Q2’s digital banking platform supported approximately 1,400 clients and 23 million end users.
In October 2023, Wysh launched Savings+, a product that combines high-yield savings with life insurance without requiring underwriting. This initiative aims to help underserved communities gain insurance protection at no cost, powered by Helix, Q2’s embedded finance solution.
Alex Matjanec, Founder and CEO of Wysh, commented: “We are thrilled to partner with Q2 and bring Life Benefit to financial institutions through the Q2 Digital Banking Platform, this integration marks a significant milestone in our mission to simplify financial protection and close America’s life insurance coverage gap. By seamlessly integrating Life Benefit into the digital banking experience, we are making it easier than ever for financial institutions to offer their customers an innovative, hassle-free life insurance solution.”
Johnny Ola, Managing Director of Q2 Innovation Studio, added: “We are excited to welcome Life Benefit by Wysh to the Q2 Partner Accelerator Program, financial institutions now have the ability to offer an embedded life insurance solution directly to their customers.”
