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Savvly: Pioneering Longevity Investment Solutions with SEC Backing

In an unprecedented move, the U.S. Securities and Exchange Commission (SEC) has granted Exemptive Relief to Savvly, Inc., a financial technology company focused on developing innovative longevity-based investment solutions. This landmark approval marks the beginning of a new product category aimed at addressing the financial challenges posed by increasing life expectancies.

Bridging the Retirement Gap

As life expectancy continues to rise, American retirement systems face mounting pressure, revealing significant financial gaps across the nation. According to recent estimates, Americans are facing a staggering shortfall exceeding $4 trillion when it comes to retirement preparedness. Alarmingly, nearly two-thirds of American households may outlive their savings, setting the stage for a potential financial crisis in the years to come.

Recognizing this critical issue, Savvly is taking a bold approach to address these challenges. Their proposed capital market structure aims to integrate seamlessly with existing retirement plans, such as 401(k)s and IRAs, thereby enhancing financial protections for individuals looking to secure their futures into their later years.

Dario Fusato, Co-founder and CEO of Savvly, commented on their mission: "For decades, longer lives were treated as a financial liability. We've built the financial infrastructure where they become an advantage." This assertion highlights Savvly's commitment to transforming challenges into opportunities in the rapidly evolving landscape of longevity management.

Product Overview: Longevity Benefits

The innovative model introduced by Savvly is built around its unique product offering known as Longevity Benefits. This structured solution provides lump-sum payments delivered at predetermined ages—80, 85, 90, and 95—harnessed from pooled capital flows within capital markets. Such a framework is specifically designed to offer vital financial support as traditional retirement savings begin to dwindle, ensuring individuals are better equipped to fund their later years.

Collaborative Efforts and Ecosystem Development

The achievement of SEC Exemptive Relief is a testament to Savvly's rigorous efforts over several years, characterized by collaboration with a diverse range of investors, institutional partners, and policy experts. The company boasts an impressive array of supporters from the financial and social impact realms, including:

• - Techstars: Recognized as one of the largest global accelerators, which provided essential early-stage support through its partnership with Pivotal Ventures, a social impact-focused organization founded by Melinda French Gates.
• - Agetech Collaborative: Associated with AARP, this community advocates for solutions that empower individuals during the aging process.
• - Marvin Ventures: An ecosystem driven by the McKinsey Alumni network, facilitating the connection of influential operators in various sectors.
• - Major Technology Partners: Collaborating with leading organizations like U.S. Bank and Texas Capital enhances the operational capacity and reach of Savvly's offerings.

Drawing on guidance from former regulatory officials and eminent researchers from renowned institutions like The University of Chicago and Stanford, Savvly's regulatory framework has been crafted with diligence and accuracy, ensuring that quality standards are upheld in their product offerings.

About Savvly

Savvly is on a mission to construct a robust financial infrastructure suitable for the longevity era. Founded by industry veterans Dr. Dario Fusato and Tony Derossi, both of whom have extensive backgrounds in global insurance, risk modeling, and product design, the company strives to develop capital market solutions aimed at providing longevity protection. Their wealth of experience coming from reputable organizations like McKinsey, Allianz, and Aon further solidifies the company's credibility in pursuing this ambitious goal.

In conclusion, Savvly's proactive approach to addressing the increasing financial risks associated with longer life expectancies represents a significant advancement in investment solutions. As they deploy their innovative Longevity Benefits, the potential to fortify individuals' financial futures has never been more promising. This progressive vision not only redefines what retirement planning can look like but also aims to significantly alleviate the unprecedented challenges posed by longevity in today's world.