Assured Allies secures $42.5M Series B to help Americans successfully age

News Summary

  • The company uses technology like machine learning and predictive analytics, along with science-of-aging and essential human support to offer retirement products and programs.Its first product, launched in 2020, was AgeAssured, which partners with long-term care insurers to reduce disability and support easier aging-at-home capabilities.
  • NeverStop, its second product, came in 2022 and uses artificial intelligence and science to create and underwrite retirement products.Nahir explained that there is an “aging economy paradox” where older Americans have accumulated $80 trillion in assets, but also have a lot of real hard problems, like depression and loneliness.
  • “In order to sell something to an 80-year-old user, you should have partnerships with 100-year-old companies.
Assured Allies, an insurtech company focused on retirement savings, announced today the closing of $42.5 million in Series B funding.Its a pretty significant Series B size given the challenging fun [+3215 chars]