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Bespoke Solutions for Groups
Want to offer a unique risk management or insurance solution but don’t know where to begin? Have a networking group that could benefit from an insurance solution? GenNXT creates bespoke risk programs for a variety of groups and affiliations.
GenNXT is not a carrier. We are designers and strategists. We develop and structure group programs that connect the organizations who need them to the carriers who can underwrite them.
We tailor solutions that strengthen communities: networking groups, associations, VCs, affinity groups, membership organizations, and various clubs.
Case study #1
Supplemental unemployment coverage for a group’s members: income continuity if a member loses her/his job, so a period without work does not become a missed payment, a lapsed policy, or a depletion of long-term savings. Benefits continue through gaps in employment, fulfilling obligations and protecting future plans.
Benefits continue through the gap, protecting the plans a member has already committed to.
Fewer lapses, fewer delinquencies, and less pressure on hardship funds and retention.
Coverage is in place ahead of the event, not negotiated after a member has already fallen behind.
Coverage they cannot buy on their own, offered under the group’s name.
Our difference
We build coverage around the real exposures a group faces, rather than fitting them into a policy that was written for someone else.
We know how to take a group program to market and promote its adoption by the members it was designed to protect.
Every program is structured with technology that enables seamless implementation and execution so a product doesn’t turn into a mountain of paperwork.
Case study #2
For VCs and accelerators that are funding early stage ventures, one of the unexpected risks of an investment is the untimely loss of the founder and/or other key members of the founding team. A personal life insurance policy may cover the founder’s life but does not provide any financial benefit to the company or investors. Key person insurance owned by the VCs, accelerators or the start-up can provide the financial relief needed to buy back founder equity, replace lost revenue or secure a replacement executive.
Immediate liquidity, protecting the plans a start-up has already committed to.
Fewer failures, which enables more funding and continued innovation.
No surprises with spouses or other beneficiaries becoming partners in the venture.
Simple, affordable and flexible. Offered under the group’s name or company’s name.
