SoFi Plans to Offer Life Insurance by End of Year

  • Startup will add product as soon as October or by end of year
  • Fintech lender looks to expand further beyond student loans

Social Finance Inc., a fintech startup that made its name by helping college graduates refinance student loans, is adding a new type of financial product: life insurance. The San Francisco company will soon start selling term life insurance to its base of mostly millennial customers, said people familiar with the matter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.