Seattle, WA – July 26, 2018
Tomorrow is pleased to announce Caribou Honig has joined its board as an independent director. This comes on the heels of a recently-announced $4.2 mm funding for the company led by Sinai Ventures, joining investors Aflac and Allianz. This appointment increases Honig's support and engagement with Tomorrow's innovative mobile platform for combining legal, financial and insurance tasks in an easy-to-use app interface.
Honig is well-known in the insurance technology world for cofounding and keynoting the InsureTech Connect conference, authoring numerous thought leadership articles, and advising startups and incumbents alike. During his tenure as cofounder of QED Investors, Honig aided the growth of numerous portfolio companies including MediaMath, Valen Analytics, Remitly, and Credit Karma.
Honig notes, “On the surface, the team at Tomorrow have built an app enabling people to create a will or trust, easily and for free. Under the surface, the company is really delivering peace of mind,” said Honig. “They are taking advantage of the increased usage and capabilities of smartphone to help people connect in a new way and execute goals as a family network.”
Dave Hanley, CEO and Founder of Tomorrow, adds: “With his experience on both sides of the table, as both an operator and an investor in data-driven businesses, Caribou is well equipped to guide and accelerate achieving our goals. Many entrepreneurs consider him ‘the Godfather of InsurTech’ and his joining our board is a great endorsement of Tomorrow’s vision.”
Today, 80% of families with minor children do not have the life insurance that will enable their financial security, should something happen to a breadwinner. Roughly the same number lack a legal will, which lays out a plan for caring for children and distributing assets. Tomorrow’s innovative products allow friends and family to make important decisions about their financial well-being. Through in-app education, members learn the role of guardians, executors and trustees, and choose their designated person from among the contacts on their phone. Decisions culminate in a legal document that can be printed and signed.
Tomorrow provides a will and trust for free, and allows a user to apply for insurance in three minutes from within the app.