West Des Moines, IA – Homesteaders Life Company, a national leader in preneed insurance funding, has announced a new strategic relationship with Benekiva, LLC, a West Des Moines, IA-based software company focused on providing seamless technology solutions for financial services. Together, the two companies will work to offer a more efficient and effective claims process for Homesteaders’ customers.
“What impressed us most about Benekiva was their ability to modernize our systems at a reasonable cost, with limited involvement of our internal resources and within a very short window of time,” explained Steve Shaffer, Homesteaders President and CEO. “Homesteaders is excited to embark on this new opportunity. We believe investing in insurance technology is invaluable to our customers and the funeral profession. I am confident this relationship will benefit both companies well into the future.”
“Too many insurance companies rely solely on legacy systems that force them to continue to use outdated and ineffective technology,” explained Brent Williams, Founder and CEO of Benekiva. “Our software is designed to offer a better solution – one that streamlines business processes, provides quicker access to claim information and digitizes workflows without the added expense of upgrading legacy systems. We are pleased to work with Homesteaders, a company that shares our desire to invest in innovative technology.”
The two companies are working together to fine-tune the platform and integrate it into Homesteaders’ existing business model, with hopes to deploy it to customers later this year.
Homesteaders Life Company is a national leader providing products and services to promote and support the funding of advance funeral planning and end-of-life expenses.
Benekiva, LLC,was founded in 2016 to offer smart, sleek and powerful technology solutions for life insurance providers. It has since developed a comprehensive digital platform to service many of the document management, compliance and claims issues related to the insurance industry. The company is headquartered in West Des Moines, IA, with a satellite division in Winston-Salem, NC.