FOXO Technologies Announces First Distribution Partner and Begins Product Rollout in California; Expands Executive Team With Insurance Industry Talent

By: FOXO Technologies Inc. via Business Wire

October 12, 2022 at 08:00 AM EDT

Recruits first distribution partner representing over 4,000 independent agents

FOXO LIFE to hold its first agent recruitment events in Southern California

James Grauel, Jr. appointed as Chief Distribution Officer of FOXO LIFE

FOXO Technologies Inc. (NYSEAM: FOXO), a technology platform company whose products and services seek to address long-standing, core problems within the life insurance industry through epigenetic longevity science, today announced that its insurance distribution subsidiary, FOXO LIFE, recruited its first distribution partner, California-based BGA Insurance, to begin rolling out Life Insurance Designed to Keep You Alive™ to agents across the state. FOXO also announced the appointment of James Grauel, Jr. as Chief Distribution Officer (“CDO”) of FOXO LIFE to spearhead the launch of longevity-focused life insurance products with independent agents.

FOXO LIFE is partnering with leading independent insurance agencies across the United States who share its vision and goal of modernizing the industry. Grauel joins the team with decades of experience working in the life insurance industry from both the carrier and independent agent distribution viewpoints. As CDO, Grauel will manage the development of FOXO LIFE’s network of independent agents selling longevity science-powered life insurance.

“I am thrilled to join a team that is building the most exciting thing I’ve seen in this industry over the course of my career,” said Jim Grauel, Jr., Chief Distribution Officer of FOXO LIFE. “Creating more value for life insurance consumers by aligning their healthy longevity with the natural financial interest of life insurance carriers is an incredible and obvious innovation the industry needs.”

FOXO LIFE will be holding its first agent distribution rollout events in Southern California with BGA Insurance, its first broker-general agent, who represents over 4,000 independent agents who are now able to sell life insurance products with FOXO LIFE’s Longevity Report.

“We are excited to work with FOXO LIFE to bring our agent base the opportunity to reframe the life insurance conversation from death protection, to life, health, and longevity,” said Barry Zimmerman, President. “The real game changer will be when FOXO LIFE introduces saliva-based underwriting protocols to mitigate the need for blood and urine specimen collection.”

FOXO LIFE’s first agent recruitment events will be held:

October 19^th in Huntington Beach
November 1^st in San Diego
November 2^nd in Los Angeles, El Segundo
November 3^rd in Sacramento, Roseville

For agents interested in attending an event – contact Alicia at sales@foxolife.com or 888.405.8957.

“We like to say that FOXO LIFE was created by agents, for agents,” said Jon Sabes, Founder and CEO of FOXO. “This means that the products and services we are bringing to market are designed to address major industry pain points that fall most directly on agents. Making it easier and more exciting for agents to sell life insurance is our first order of business.”

Today’s news comes four weeks after FOXO became a publicly traded company on the New York Stock Exchange American under the symbol “FOXO” via its merger with Delwinds Insurance Acquisition Corp (“Delwinds”), valuing the combined company at an estimated enterprise value of $369 million.

About FOXO Technologies Inc. (“FOXO”)

FOXO is a technology platform company focused on commercializing longevity science through products and services that serve the life insurance industry. FOXO's epigenetic technology applies AI to DNA methylation to identify molecular biomarkers of human health and aging. FOXO seeks to modernize the life insurance industry by simplifying the consumer underwriting journey with saliva-based biomarkers and enhancing life insurance’s consumer value proposition with the FOXO Longevity Report™. For more information about FOXO, visit www.foxotechnologies.com. For more information about FOXO LIFE, visit www.foxolife.com. For investor information and updates, visit https://foxotechnologies.com/investors/.

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