“Kayte has extensive experience in areas that are integral to a CEO’s role in teacher life, including insurance, innovation and member services – a background that would work well in his new role,” said Lori Foote, Board of Directors Teacher for the Chairman of Life, said. “This is especially important as Teachers Life has expanded its offerings to include both now and in our mission to improve the health and well-being of our communities.”
Teachers Life and Now are both digitally-powered life insurance providers committed to giving back as well as offering innovative services to members and policyholders.
Debuting in February, Now Life Insurance was built from bottom to top to make life insurance simple and accessible to Canadians. It uses state-of-the-art technology to provide instant coverage and benefits, as well as a unique program called Press Start that encourages social entrepreneurs.
The Press Start program is open to all Canadians and provides targeted support for established and early-stage entrepreneurs, including business tools and services.
“Teachers Life has long been invested in closing the life insurance gap by making life insurance accessible and easy for underserved communities across Canada. While the industry has made great strides in modernization over the past several years, very few Existing insurers are inclined to be disruptive,” said Frederickson, emphasizing the importance of innovation and mission in the teacher life and now.