Citizens Inc signs SaaS deal with Bestow for final expense insurance platform
Bitget2026/10/09 18:03Citizens entered a master SaaS agreement with Bestow for a white-labeled digital platform to sell and administer final expense life insurance. Agreements executed Oct. 5, 2026, effective Oct. 1, 2026; platform covers quoting, e-apps, underwriting, e-signature, issuance, consumer portal. Build order targets configuration and implementation completion by Dec. 15, 2026; development fee payable in 36 monthly installments. Run order adds annual subscription fees, minimum-volume application fees, overage application fees, pass-through third-party costs at cost. Initial term runs through Dec. 31, 2030, with up to two one-year renewals; fees rise if additional products not added by March 31, 2027. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citizens Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000024090-26-000045), on October 09, 2026, and is solely responsible for the information contained therein.
- Citizens entered a master SaaS agreement with Bestow for a white-labeled digital platform to sell and administer final expense life insurance.
- Agreements executed Oct. 5, 2026, effective Oct. 1, 2026; platform covers quoting, e-apps, underwriting, e-signature, issuance, consumer portal.
- Build order targets configuration and implementation completion by Dec. 15, 2026; development fee payable in 36 monthly installments.
- Run order adds annual subscription fees, minimum-volume application fees, overage application fees, pass-through third-party costs at cost.
- Initial term runs through Dec. 31, 2030, with up to two one-year renewals; fees rise if additional products not added by March 31, 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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