State Farm insurance is partnering with Lively to offer smart home technology that helps with aging in place.
The insurance company will begin offering Lively products and services through its Connected Care program. Lively is a three-year-old startup that uses sensors in the home to connect and keep elders safe and healthy.
For builders who specialize in constructing with an aging in place mindset, the collaboration means insurance and automation are conveniently hand-in-hand, which can be a benefit for clients.
Lively works by placing sensors around the home which, along with a medical wrist watch, will track steps, prompt medication reminders and allow immediate access to emergency services if necessary.
In a best case scenario, builders should look to establish a three-way relationship with State Farm and Lively, as the former will offer the latter at a discounted price through its program. But if the tech and insurance are offered along with aging in place building projects, the offer could be too enticing to pass up.