Maxwell Health Enhances Financial Wellness Benefits With LifeLock Identity Protection
14 September 2016 - 3:00PM
Business Wire
Flexible Employee Benefit Available as Paid or
Voluntary Offering
There is a new identity fraud victim every two seconds,1 and
credit monitoring alone doesn’t protect consumers or resolve the
issue. To address this issue, LifeLock, Inc. (NYSE:LOCK), and
Maxwell Health today announced a strategic partnership, introducing
the LifeLock’s leading identity theft protection, resolution
services and patented technologies to Maxwell’s Marketplace. This
partnership enables businesses across the country to offer
LifeLock’s best-in-class solution within their employee benefits
strategies.
Since its founding in 2005, LifeLock has been a pioneer in
identity protection, leveraging unique data, science and patented
technology and providing identity threat detection, proactive
identity alerts, and comprehensive remediation services. With more
than 4.4 million LifeLock members and an annual retention rate of
over 85.6%,2 the company is committed to providing peace of mind
amid the threat of identity theft.
For employers, recognizing this emerging threat is essential to
meeting the needs of the modern workplace. According to Willis
Towers Watson, nearly 70% of employers are projected to offer
identity theft protection as a voluntary benefit by 2018. Employers
increasingly value the importance of an employee financial wellness
program, and providing identity theft protection is a key component
of a well-rounded program. One key feature of this benefit is that
it can be added at any time throughout the year, not just during
the open enrollment season.
“LifeLock is a founding member of the identity theft protection
industry, with a strong brand and a great track record,” said Mike
Zarrillo, vice president of strategic partnerships and marketplace
at Maxwell Health. “Its vision to provide peace of mind through
technology to American families is completely aligned with ours,
and we’re very excited to welcome the company to the Maxwell
Marketplace.”
Maxwell Health simplifies benefits and human resources for
small-to-mid-sized employers. The platform includes a marketplace
that makes buying benefits intuitive for employees, tools that
automate benefits and human resources, and a mobile app that makes
using benefits easy.
“Identity protection is an important personal risk management
solution, and we’re delighted to partner with Maxwell Health to
offer a flexible benefit for employees, either as a benefit funded
by employers or a voluntary benefit,” said Terry Reams, general
manager of employee benefit protection solutions at LifeLock.
Companies working with benefits advisors, insurance
carriers, and retirement companies that license the technology get
a customized benefits storefront where their employees can enroll
in all their benefits, including medical, dental, vision, life,
short- and long-term disability, and financial benefits such as
HRA/HSA/FSA, socially responsible loans, and 401(k) optimization
services. LifeLock is the latest to join these ranks. Maxwell’s
comprehensive human resources and benefits administration system
supports complex benefit strategies and integrates with leading
payroll solutions for streamlined human resources processes.
About LifeLock, Inc.
LifeLock, Inc. (NYSE:LOCK) is a leading provider of proactive
identity theft protection services for consumers and fraud and risk
management solutions for enterprises. LifeLock’s threat detection,
proactive identity alerts, and comprehensive remediation services
help provide peace of mind for consumers amid the growing threat of
identity theft. Leveraging unique data, science and patented
technology from ID Analytics, Inc., a wholly-owned subsidiary,
LifeLock offers identity theft protection that goes beyond credit
monitoring. As part of its commitment to help fight identity theft,
LifeLock works to train law enforcement and partners with a variety
of nonprofit organizations to help consumers establish positive
habits to combat this threat.
About Maxwell Health
Maxwell Health simplifies benefits and HR for small-to-mid-sized
employers. The platform includes a marketplace that makes buying
benefits intuitive for employees, tools that streamline HR
processes including benefits administration and payroll, and a
mobile app that makes using benefits easy. Our purpose is to help
American families achieve health and financial well-being by
modernizing how employees experience insurance, financial, and
wellness benefits. The platform is provided by benefits advisors as
well as insurance and retirement companies that license our
technology. To learn more about Maxwell Health, please visit
www.maxwellhealth.com.
1 2016 Identity Fraud Study, Javelin Strategy & Research,
February 2016.2 Retention rate as of June 30, 2016.
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version on businesswire.com: http://www.businesswire.com/news/home/20160914005399/en/
Maxwell HealthMeg Murphy,
860-716-9475meg@maxwellhealth.comorLifeLockBecca Youngs,
415-767-7788media@lifelock.com
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