Beem and TruStage™ Join Forces to Help Safeguard Americans Against Financial Uncertainties

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Feb 06, 2024, 14:17 ET

SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ -- Beem, the revolutionary Super App that makes life affordable for millions of Americans, has announced a strategic collaboration with TruStage, named by Forbes as one of America's Best Insurance Companies for 2024. This partnership underscores Beem's commitment to empowering individuals against the uncertainties of life, such as covered job loss or disability, through innovative tools and services.

Job loss can strike at any moment, leaving individuals and families struggling to make ends meet. However, with TruStage's Payment Guard Insurance solution as an integral part of Beem's offerings, our members could be prepared and gain an extra layer of financial assistance if or when it happens.

Beem's Super App has helped millions of working Americans prepare for financial uncertainties since 2021. With a monthly subscription customers can receive funds to help them during covered job loss or disability, file both federal and state taxes in any region, lower auto insurance premiums by 40% based on their driving behavior, get road-side assistance when needed, and earn cashback up to 20% on everyday transactions, among other benefits.

Beem's CEO, Akshay K, remarked, "Beem steps in with the Super App for Consumption Smoothing, a transformative solution that has guided millions through the ebbs and flows of their financial circumstances. Through our strategic alliance with TruStage™, we broaden our mission, safeguarding Americans from drastic financial disruptions like job loss and disability, championing their financial resilience."

The collaboration with TruStage underscores Beem's commitment to enhancing its members' financial well-being. TruStage Payment Guard, now integrated into Beem's offerings, could provide financial assistance in the case of unforeseen job losses or disability, aligning with Beem's vision to be a trusted partner in its users' financial journeys.

"Financial resilience is paramount in today's unpredictable world," stated Danielle Sesko Director, Product Management at TruStage. "We are proud to partner with Beem to make TruStage's payment guard solution a component of their Super App, further strengthening their commitment to financial well-being and creating a brighter financial future for all."

Beem's mission-driven approach, coupled with the integration of TruStage™ Payment Guard, solidifies its position as a frontrunner in providing essential resources to navigate financial uncertainties successfully.

For more information about Beem and its suite of financial security solutions, please visit www.trybeem.com

About Beem

Beem is a Super App that's packed with essential financial services, including job loss or disability assistance, tax filing, insurance discounts, roadside assistance, and credit monitoring. With over 5 million downloads and 2 million satisfied customers, Beem has disbursed $65 million to prevent financial crises and processed $130 million in payments. Top 25 consumer fintech & another layer of trust

About TruStage

TruStage is a financially strong insurance, investment and technology provider, built on the philosophy of people helping people. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities to improve the lives of those we serve. For more information, visit www.trustage.com.

TruStage™ Payment Guard Insurance is underwritten by CUMIS Specialty Insurance Company, Inc. CUMIS Specialty Insurance Company, our excess and surplus lines carrier, underwrites coverages that are not available in the admitted market. Product and features may vary and not be available in all states. Certain eligibility requirements, conditions, and exclusions may apply. Please refer to the Group Policy for a full explanation of the terms. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by any financial institution. Corporate Headquarters 5910 Mineral Point Road, Madison, WI 53705. ©TruStage

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