The Data That Led VivantPay
31.35 Million
The number of Americans over the age of 65 with a permanent - Whole or Universal - life insurance policy.
88%
The percent of people that lapse or surrender their permanent life insurance policy without seeing an economic benefit. In fact, greater than 75% of people that purchase a policy at or after the age of 65 still end up losing their policy due to an inability to maintain premium payments.
>$115 Billion
The amount of money surrendered back to insurance carriers each year by Americans aged 65 and older. VivantPay is here to help seniors in America capture their share of this $115 billion and take advantage of their hard earned money.
The Patient Journey
How VivantPay Compares
VivantPay
-
No out-of-pocket costs
-
No impact to your budget
-
No periodic payments
-
No credit check
-
No down payment
-
Entirely paid for out of your life insurance policy
-
10-12% simple interest added per year, which is paid by your policy benefit
-
Loans ready in 1-2 weeks
Health Care Credit Cards
-
Periodic payments
-
Impacts your budget
-
May require a down payment
-
14-33% compound interest
-
Promotional 0% interest periods, but then deferred interest is added if the expenses is not entirely paid off during the promotional period
-
Requires a credit check
-
Money instantly available
Credit Cards
-
Periodic payments
-
Impacts your budget
-
Current average interest rate in the US is about 23%
-
Credit check/impact
-
Available depending on your credit limit
Cash
-
Impacts your budget
-
Requires payment(s)