Press Release: Future Family Launches Grandbaby Plan, a new way to pay for IVF
SAN FRANCISCO, Calif. (July 17, 2019) -- Future Family, the female-founded company making world-class fertility care accessible nationwide, today announced the launch of Grandbaby Plan, the first-of-its-kind customized fertility loan for IVF and egg freezing. This new financing option enables any family member, including parents, siblings, and extended kin, to take out a loan on behalf of another family member who’s seeking fertility treatments when parents-to-be can’t foot the bill themselves.
Baby boomers are the wealthiest generation in history and capture more than half (54%) of all of US household wealth, while their millennial children hold only 4% of total US household wealth. A generation that’s already crushed by student loan debt and soaring housing prices, millennials are overwhelmingly waiting longer to have children to prioritize their careers and avoid the high costs associated with childcare. However, reproductive potential decreases as women get older, leading many to turn to fertility treatment. At $23,000 for a round of IVF, the cost of assisted reproductive technology is prohibitively expensive in the US, leaving the option to start a family out of reach for many.
“Fertility is already a family affair,” said Claire Tomkins, founder and CEO of Future Family. “Sometimes you need support, hugs, and someone to talk to and tell you it will work out, and sometimes you need something more. We want to include family members in this journey, so we’ve created an easy way for parents, grandparents, aunts, and everyone in between to help, so women and couples can stop delaying and start moving forward.”
Future Family offers flexible and affordable monthly plans that remove the high upfront costs of treatment and bring all fertility care needs into one simple solution. Plans for IVF start as low as $300 a month, while egg freezing plans start at $150 a month. Prior, the only way a family member could participate was as a cosigner, which put the financial responsibility on the primary - the person going through treatment. The Grandbaby Plan opens up doors to all family members who want to help financially, and in turn, allows more people to qualify for Future Family’s financing plans. Family members can also be only co-signers on Future Family plans as well.
“We are so grateful for Future Family’s supportive care and financing options that were tailored to our specific needs,” said Megan Bryant, mother of 18-month-old twins and Future Family client. “But it wouldn’t have happened without the support of my mother. She feels that she helped us grow our family.”
To apply for a Grandbaby loan, sign up on www.Futurefamily.com for a free Future Family account and receive access to an online dashboard where your family member can prequalify for a loan. If you do not have a clinic that you are working with, Future Family offers a Starter Kit, partnering you with a Fertility Coach to help you find the right clinic for your needs.
This announcement follows the launch of Future Family’s $199 Starter Kit, which provides live on-demand fertility coaching 24/7, doctor matching and a digital dashboard that helps you manage all of your fertility care in one place.
To learn more visit: www.futurefamily.com.
About Future Family:
Future Family is where women, men, and couples start their fertility journey. The company’s mission is to make fertility care accessible and affordable to all. It combines advances in fintech, fertility, and concierge care to empower women and couples throughout their fertility journey. Future Family is headquartered in San Francisco and operates nationwide.