To empower employers to add pension-like insurance products to their retirement plan by standardizing and automating the transaction between a life insurance company and a benefits administration system.
The most important thing in our lives is our physical and mental health, and unfortunately many people suffer from the stress associated with finances. In retirement, these same concerns exist. We are supporting innovative companies who want to change this for their employees by creating a secure future.
Our first of its kind platform enables frictionless annuity transactions, the portability of annuity products, and the building of annuity based funds. We support solutions connecting Life Co.'s and Fund Managers to innovative entities wishing to provide their workforce with a protected retirement income via the company retirement plan.
For Life Co.'s, Micruity's solution will act as an end-to-end management platform for annuity products, our service includes all client-side administration.
For Fund Managers, Micruity's solution will support the utilization of different types of annuities within their funds.
As technology continues to advance, employees and employers are benefiting from more powerful employee benefits. It is time we leverage the same technologies in our retirement plans to build more robust retirement planning products.