American Century Life to Accept Payments in Bitcoins
The company policy holders can now pay their life insurance premiums in bitcoins
PLANO, Texas, March 10, 2015 /PRNewswire/ -- American Century Life Insurance Company of Texas announced today that it is now accepting premium payments from clients in bitcoins.
Accepting payments in bitcoins is part of American Century strategy to leverage technology in making life insurance products more accessible, and easier to buy and maintain.
"Life insurance policies are important products to our clients and can help them in the most stressful and challenging situation. We want to make sure they can pay for their policy in any way they prefer," explained Raz Silberman, the company president and owner.
Clients can pay for their premiums in many different ways including cash, checks, bank draft, any type of credit card, and now, also with bitcoins.
American Century believes that new technologies will change the way insurance is sold, policies are serviced, and capital is pooled to manage risk.
These technologies, such as mobile and wearables, will allow the company to communicate better and more frequently with its clients and build long term relationship with them.
As innovative new tools, including bitcoins, are entering the market, American Century wants to adopt them and incorporate them into the company offering.
American Century already offers the direct purchase of policies directly on its website www.acl-tx.com, as well as through the company agents.
In the past two years, since the 75-year old company was acquired by Mr. Silberman, it added a wide range of final expense products, improved online capabilities, and many agents across Texas.
In addition to life insurance policies, the company strives to offer clients valuable products that can help them improve their health and financial wellbeing.
For example, the company already offers client ways to save large amount on their final expense costs that average around $10,000). It also offers a discounted service for clients who wants to be buried in their home country, such as Mexico.
Additional products will be added in the near future. "We want to make a difference in the lives of our policy holders and build a long term relationship with them." Silberman said.
Media Contact:
Roni Ido
(469) 233-1790
Email
www.acl-tx.com
SOURCE American Century Life Insurance Company of Texas
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