The insurance industry isn’t exactly known for innovation. But insurtech startups are looking to disrupt the status quo and change the narrative, including here in Omaha. Meet Breeze, the first fully online, fully automated long term disability insurance product. Launched earlier this month by Colin Nabity and Cody Leach (the founders of online financial marketplace LeverageRx), Breeze is the first disability insurance product to feature a 100% online application process. Breeze has also partnered with Lincoln-based Assurity Life Insurance Company and MunichRE to implement automated underwriting technology. The result is a superior user experience unlike any other in the disability insurance industry today:
- Incredibly quick. Get a disability insurance quote in seconds, and coverage in about 15 minutes. Not bad for a process that used to take four to six weeks.
- Super convenient. No paperwork means you can submit your application, enter your payment info, and sign your policy documents anytime, anywhere.
- Very affordable. Individual long term plans start at $9 per month. In other words, you can protect your paycheck for the price of a lunch break at the taco truck.
Better yet, Breeze applicants do not have to worry about dealing with pushy salespeople or pesky medical exams — a promising sign for an industry that has long struggled with complicated underwriting practices and overall consumer trust. All things considered, this Omaha startup looks every bit the part of an insurtech movement that is well on its way to eliminating the age-old nuisances that plague insurance.