MINNEAPOLIS, Oct. 02, 2018 (GLOBE NEWSWIRE) -- YouSurance, a digital managing general agency (MGA), is the first company to use epigenetic biomarkers to assess life insurance applicants’ health and lifespan. YouSurance’s patent pending process of predicting biological aging and all-cause mortality is step-change technology for the life insurance industry.
YouSurance is a wholly owned subsidiary of GWG Holdings, Inc. (Nasdaq: GWGH) and part of a family of companies committed to offering transformational products and services into the life insurance industry. YouSurance, and its sister company, Life Epigenetics, Inc., are applying epigenetic technology and machine learning to gather insights into health and wellness that have never before been available.
“YouSurance is commercializing step-change technology for the life insurance industry,” said Chief Executive Officer Jon Sabes. “YouSurance is the first company to give consumers purchasing life insurance information about how their epigenetic, or biological age, differs from their chronological age.”
“We know epigenetics can better assess an individual’s health and wellness than traditional methods, as well as provide new insights into human longevity. We are leading the charge in applying this technology to the life insurance industry and are in the early stages of working with insurance carriers to apply this science into the underwriting of their life insurance. Epigenetics will allow greater precision in pricing and enable consumers to save money on their life insurance.”
At YouSurance.com consumers can purchase life insurance from a variety of carriers. Consumers purchasing life insurance with YouSurance will receive a Longevity Report that provides an assessment of their epigenetic age, or biological age, which can differ from their chronological age.
The science behind YouSurance is based on epigenetics, which unlike genetics modify gene expression due to extrinsic factors such as age, behavior and environment. By analyzing an epigenetic profile, YouSurance can assess an individual’s health and wellness, which includes the rate of biological aging. YouSurance is the first company to apply this technology to life insurance.
About YouSurance
YouSurance.com, an insurtech subsidiary of GWG Holdings, Inc. (Nasdaq:GWGH), is the first digital managing general agency (MGA) to assess a consumer’s health and predicted lifespan using epigenetic biomarkers in order for healthy consumers to save on their life insurance. For more information about YouSurance, email info@yousurance.com or visit www.yousurance.com.
About GWG Holdings, Inc.
GWG Holdings, Inc. (Nasdaq: GWGH), the parent company of YouSurance and Life Epigenetics, is a financial services company transforming the life insurance industry through disruptive and innovative products and services. For more information about GWG Holdings, email info@gwgh.com or visit www.gwgh.com.
Contact:
Dan Callahan, Director of Communication
YouSurance
dcallahan@yousurance.com
(612) 746-1935
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f0deddcd-f424-41d6-a259-31578eb9c2a1