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Boston-based online lender Radius Bank is expanding its digital marketplace to include life insurance offerings through the insurtech Ladder.
The integration allows the $1.4 billion-asset bank’s personal banking clients to apply for and, if eligible, obtain a life insurance policy in a matter of minutes. In an announcement issued Thursday, the bank billed the tie-up with Ladder as part of the bank’s broader effort to “create a marketplace of curated and innovative personal finance offerings.”
“We first introduced our marketplace in October 2018 when we upgraded our mobile app and online banking platform with the goal to provide our clients one central place to find best-in-class financial products,” Radius Bank President and CEO Mike Butler said in a statement.
Ladder bills itself as being able to streamline the life insurance purchasing process using a web-based system and flexible insurance products.
“Radius is staying ahead of the curve when it comes to understanding what customers need and, more importantly, want for their financial well-being,” Ladder Co-Founder Jeff Merkel said in a statement. “We are excited to help ensure their customers are covered when they hit major financial and personal milestones like owning a home and starting a family.”
