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SoFi and Prudential Financial Team up to Help Expand Access to Life Insurance for More Americans

Business Wire•21/10/2026•09:00 ET
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Key Highlights

  • ➤SoFi and Prudential offer term life insurance directly within the SoFi app
  • ➤Coverage may be obtained in minutes without medical exams or lab work
  • ➤Partnership gives over 15 million SoFi members access to Prudential coverage
  • ➤Prudential targets the protection gap affecting nearly 100 million Americans

Expert Statements

Salene Hitchcock-Gear, President of Individual Life Insurance at Prudential

“We are thrilled to work with SoFi and bring an elevated life insurance experience to its customers through the SoFi app. Together, we’ve developed a seamless way to access personalized insurance protection in just a few minutes. Our research shows that many people believe life insurance is far more expensive and complicated than it really is. This is a tremendous opportunity to break through that cycle with a distinguished financial institution that believes, as we do, that intelligent technology can help make our financial lives better.”

Brian Walsh, Head of Advice & Planning at SoFi

“Life insurance isn’t just about preparing for the unexpected — it’s about helping protect the financial future you’re building. It can help the people you care about cover everyday expenses, manage outstanding debt, and continue working toward important financial goals. At SoFi, we believe protecting what you’ve built is an essential part of getting your money right, and that means thinking about insurance as part of your broader financial plan.”

SoFi and Prudential Financial Team up to Help Expand Access to Life Insurance for More Americans

Eligible SoFi members can now obtain Prudential term life coverage in minutes, without leaving the SoFi app they already use to manage their money

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