Nuula is adding a Term Life Insurance division, managed by Even Financial

Small, commercial businesses are now able to shop, compare and buy Term Life Insurance from a variety of top carriers.

TORONTO, Oga. 4, 2022 /PRNewswire/ — Nuula, a fintech company focused on giving small businesses the tools and capital they need to succeed, today announced Term Life Insurance that gives small business owners and entrepreneurs a way to support from a group of top carriers, supported by Even Financial (“Even”), a leading financial platform, and the independent company MoneyLion Inc. (“MoneyLion”) (NYSE: ML). Through the Nuula app, users will now be able to shop, compare and buy Term Life Insurance, with policies up to $5MM offered for 10-40 years.

Nuula’s new Term Life Insurance policies are developed and operated by LeapLife, an insurtech platform and licensed life insurance agency, owned and operated by Even.

“Although small businesses and entrepreneurs are investing in their business, they should also invest in themselves and protect their loved ones,” he said. Mark Ruddock, CEO at Nuula. “Adding Term Life Insurance further expands the range of services we offer to meet the diverse needs of today’s small business owners.”

“Those who have policies want an easy way to shop, compare policies and prices, and find the right policy for them,” he said. Andrew Naoum, SVP of Sales at Even. “By partnering with Even, Nuula’s small businesses are offered a group of carriers rated A- and above by AM Best, world-class customer support and a search feature that matches people with the right policies and the lowest prices on time and where it needs it.”

Today’s news follows the launch of a new personal loan search engine targeting small start-up businesses, powered by Even.

About Nuula

Nuula is shaping the future of small business. Founded in 2021, Nuula is a financial and technology company focused on small to medium businesses. Nuula provides real-time information and analytics, allowing businesses to manage their finances, monitor their credit ratings and user reviews, and more. Nuula is an advocate for financial inclusion and a proud partner in Kiva to create economic and social good. To learn more about Nuula, visit www.nuula.com.

About Even Finance and LeapLife

Although it is the most advanced and independent money market of MoneyLion Inc. (“MoneyLion”) (NYSE: ML). MoneyLion is the destination for personalized money management, content, offers and advice. As part of MoneyLion’s business, Even Digital connects and connects consumers with real-time, financial solutions offered by banks, insurance carriers, and fintech companies on mobile apps, websites, and other digital channels through its marketplace technology. Although the architecture leverages machine learning and advanced data science to solve the biggest problem in finding financial customers, seamlessly connecting financial service providers (like SoFi) and channel partners (like TransUnion) through its industry-leading API and financial markets. Although it helps every company to add financial resources to its business, it is full compliance and security on a large scale. Even was named one of “America’s Best Startup Employers'” by Forbes for 2022 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the world’s fastest growing technology companies. Find out more at www.evenfinancial.com and invest.moneyion.com.

LeapLife is a licensed life insurance company that uses data science, deep insights, and proprietary technology, enabling consumers to apply for instant insurance choices with real-time quotes, available in all 50 states. LeapLife was acquired by Even Financial (Even) early 2020. Find out more at www.leaplife.com

SOURCE Nuula