Dealing with Debt and Amalgamated Life Insurance Company Announce Partnership to Assist Recently Distressed Consumers
Today, Dealing with Debt (“DWD”) together with Amalgamated Life Insurance Company (“Amalgamated”) announced a partnership to assist consumers across the nation that are recent graduates of debt resolution programs. Through its ‘Graduate Association’ DWD helps consumers restructure their financial portfolios to provide guardrails and safety nets to avoid dependency on credit cards to pay for unforeseen expenses. The partnership will make guaranteed issue voluntary coverages available to members of the Association in hopes to avoid future financial struggles. Participating graduates can purchase critical illness, accident, and simplified whole life insurance.
With high consumer debt continuing to be a pervasive issue in the United States, DWD is committed to supporting consumers at every stage – from preemptively equipping individuals with knowledge to prevent a personal debt crisis, to assisting those currently in a crisis navigate the debt resolution process, to helping consumers that have successfully navigated a crisis mitigate recurrence. This partnership will help DWD deliver on these commitments.
“We could not be more excited to partner with Dealing with Debt and continue our legacy of helping working men and women protect themselves from unforeseen expenses,” said Melanie Cannon, Vice President, Worksite at Amalgamated. “This relationship will allow us to deliver invaluable protections to individuals that have worked incredibly hard to recover from a debt crisis and are proactively seeking to secure their financial future. It is exactly the type of support our company is proud to provide and Dealing with Debt is an ideal partner to join in this important endeavor.”
According to the most recent report by Federal Reserve Bank of New York, total household debt reached $17.06 trillion in the second quarter of 2023, and credit card debt now exceeds $1.03 trillion.
“Dealing with Debt is extremely proud to partner with Amalgamated to support consumers on the road to financial stability,” said Brent Lowder, Chief Strategy Officer of Dealing with Debt. “The availability of Amalgamated’s products for DWD association members is a game-changer that we feel will take financial literacy and credit counseling to another level.”
Learn more about Amalgamated Life by visiting www.amalgamatedbenefits.com/amalgamated-life/
DWD Media Contact:
Amalgamated Life Media Contact:
Erin Linney, Executive Director of Marketing