Fourth partners with Pendella

Fourth, a provider of workforce and inventory management solutions to the restaurant, hotel, retail and leisure industries, announced a partnership with Pendella, an insurance startup offering a white-labeled embedded insurance platform for life and disability products.

As part of the partnership, Pendella’s branded life insurance technology will be integrated into Fourth’s workforce solution platform to create a “completely digital process to shop, compare and buy financial coverage within minutes.”

According to its site, Fourth is used by over 15,000 customers globally with 2.5 million users.

“Typically, group life insurance policies offered by employers offer either a flat sum of $20,000 or one-year’s salary as a benefit. It is far less than what an individual life insurance benefit could offer or what a family may need from an unexpected or catastrophic event. Efficiency and ease of use have always been our watchwords. Pendella was the obvious choice because of the ease and speed of their digital underwriting process, not to mention the simplicity of integrating their offerings with our current benefits services.” – Gene Cabrera, SVP of operations, HR and Payroll at Fourth.

“Employee group coverage plans simply do not provide the necessary protection, which is why many workers are now expressing an interest in acquiring individual life insurance to protect their families. This partnership with Fourth is part of our mission to extend life insurance coverage and ensure no worker gets left out.” – Pendella’s CEO and founder, Bob Gaydos.