SHELTON, Conn., Sept. 29, 2016 /PRNewswire/ --
eTerm Express is mounted on a state of the art platform that allows an agent and consumer to complete the application process and have a term life policy in-force in as little as 15 minutes. And, it is 100% paperless. The award-winning user interface allows the application to be completed on a smart phone, tablet, laptop or desktop.
The target market for eTerm Express is made up of generally healthy applicants who value a quick-turnaround, convenient and 100% web-based transaction. Electronic underwriting is conducted in real-time and geared toward healthy individuals in the middle market. There are three rate classes so applicants with single impairments can be accepted.
The customer experiences an agent-guided, intuitive and efficient process. Applications can be taken face-to-face or over the phone. If accepted, policies are in-force immediately and delivered instantly via a secure link. Even applications Approved Other Than as Applied (AOTAs) are handled instantly online with an electronic signature.
Agents are able to generate commissions on sales with a 15-minute application process as opposed to a 4 – 6 week ordeal that traditional products require. An ideal sales environment for agents to economically target healthy customers in the vastly underserved middle market with life insurance needs ranging from $100,000 to $500,000. According to LIMRA, 35 million households in the middle market want to purchase life insurance, a win-win opportunity for both agents and customers.
The Future of life insurance for the middle market
The New Generation of Life insurance prospects require a digital, on-demand and seamless solution. They are simply not going to purchase life insurance, in significant numbers, using outdated processes and procedures. eTerm Express's straight-through-processing provides exactly that.
Visit www.elifesolutions.com to learn more and to inquire about distribution opportunities.
About eLife LLC
Based in Shelton, CT, the eLife LLC management team is made up of insurance industry veterans specializing in Product Design, Insurance Technology, Underwriting, Distribution and Reinsurance. Polices are issued by an A- rated carrier.
Bruce Hill – EVP Distribution, eLife LLC
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SOURCE eLife LLC