Personal Finance News
Quicken Introduces Emergency Document Locker Platform LifeHub
Quicken has debuted a new service that will not only help individuals store all of their important documents in one place but will also help their loved ones get the info they need in the future.
About LifeHub:
The personal finance software company Quicken has announced its latest product: LifeHub. This new platform is designed to allow users to compile their important information so that it’s backed up and easy to access. On top of that, the service is meant to allow individuals to share this information with loved ones in the event of emergencies or death. For example, a customer can add financial account data, medical records, wills, passwords, and other key information to their LifeHub account.
As Quicken notes, the new LifeHub service can also sync with Simplifi or Quicken Classic to ensure that users’ financial information is up to date. Users can also select which family members or friends have access to what pieces of data in their LifeHub account. Additionally, they can put important information in the “After I’m Gone” section of their hub for loved ones to access in the event of their passing.
Since LifeHub is meant to host extremely sensitive data, the service utilizes bank-grade security safeguards such as 256-bit encryption and multi-factor authentication.
While the Quicken LifeHub service will typically cost $3.99 per month (billed annually at $47.88), as of this writing, a subscription is being offered for 50%. This works out to $23.89 for the year paid upfront.
What they’re saying:
Discussing the idea behind LifeHub, Quicken CEO Eric Dunn stated, “For over 40 years, our customers have trusted us as their partner in managing their finances – an aspect of their lives that is deeply personal and complex. Our customers inspired us to create Quicken LifeHub, a natural extension of Quicken that brings their financials together with medical records, estate plans, and more.” Dunn added, “Our goal is to give people confidence and peace of mind so that they’re prepared for all of life’s events – planned and unplanned.”
My thoughts:
Looking at the description of Quicken LifeHub, it reminds me a lot of the platform Everplans — a service that I happen to subscribe to. Like with LifeHub, Everplans allows you to save everything from your WiFi password and login info to wills and other legal documents. Then, you can invite loved ones who can either have access to your data now or can request it upon your passing.
I’m not yet sure how that last aspect works with LifeHub but, while writing this, I did sign up to see how the platform compares. In other words, watch out for a review of Quicken LifeHub here on Fioney in the near future.
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