Money Talk – because let’s face it, adulting is hard

‘“How did you go bankrupt?” Two ways. Gradually, then suddenly.‘ – Ernest Hemmingway, The Sun Also Rises

“Mo’ money, mo’ problems.” – The Notorious BIG

While these two quotes may seem like fairly contrasting approaches to financial matters, they each highlight the discomfort that is second-nature to many of us when dealing with the subject of money. From being taught that money is a taboo topic for dinner-table conversation to the social stigma of not having enough to fears of losing it all, there are a number of reasons why a commonly chosen approach to financial management could be summed up as “ignore it and hope it goes away”.  

If there’s something else that we can learn from the quotes above, it’s that this approach doesn’t work. Finding oneself “suddenly” bankrupt or facing multiple money problems can each be avoided by taking an empowered, engaged and collaborative approach to your money matters.

This is easier said than done, especially since it is the exact sort of thing that so many deliberately avoid. So, where to start? At Elevate, we believe it starts with data.  Specifically, the financial and credit data that customers choose to share with us throughout their policy journeys.

Whereas other “integrated” life insurers might refer to medical data, our holistic approach and systems allow us to integrate a variety of different data sources, including financial and credit data, to offer a truly innovative and attuned product. We allow customers to (securely) make their financial and credit data available to us from the outset, meaning we can use the data that is shared to uniquely tailor insurance to a customer’s individual needs – and ensure that it evolves to be in sync with life’s changes. The process is intuitive, straightforward and underpinned by our commitment to keeping you in control of your data and being transparent about how we use the data that is shared.

As an Elevate policyholder, sharing data on an ongoing basis provides purely upside potential (no downside risk) and means that you stay constantly engaged with your finances and earn money back each month for improving your state of financial and other wellness. With your permission, our systems constantly monitor our policyholders’ health and financial data, allowing us to reward behaviour that reduces risk or engage with customers to avoid potential pitfalls. This is all about you and helping you live a long, healthy and prosperous life. It’s so much part of what we do that we’ve made it our byline.

Each policyholder receives a set of personalised monthly goals based on their unique data and behavioural science. By reaching achievable goals each month (goals that directly support and improve your wellness, individually), you can earn up to 30% of your life premiums paid back to you in cash every month.

Adulting is hard. At Elevate, we help make it a little bit easier. Our end goal is a healthier, longer-living, more prosperous you! Interested? Get an obligation-free quote in less than 30 seconds, right here.