Only 28% of Americans are considered financially healthy. The rest of us are financially coping (55%) or financially vulnerable (17%).
40% of Americans earning under $60,000/year report that unexpected financial shocks has prevented them from pay bills on time.
45% report that financial shocks has affected their ability to control debt, an impact that can lead to spiraling debt.
- “U.S. Financial Health Pulse, 2018 Baseline Survey Results,” and “Insuring the Way to a Financially Resilient America; Developing Successful Products for LMI Consumers” - Center for Financial Services Innovation, June 2018
40% of adult Americans don’t have life insurance
80% don’t have disability insurance
59% of renters don’t have renter’s insurance
- “2018 Insurance Barometer Study, Life Happens and LIMRA” and “2018 Facts + Statistics: Renters Insurance” - Insurance Information Institute, 2018.
How can we improve Americans’ financial health and provide them with affordable insurance protections?
By offering inclusive insurance at no-cost to the consumer through innovative channels in multiple industries.
Ostraa provides a suite of no-cost, inclusive insurance products to 1099 independent contractors, financial services and retail consumers. Ostraa gives Americans the insurance protections they need, while supporting corporate KPIs and helping Americans withstand financial shocks and better stabilize their financial health.