iPipeline, which is leading on-demand software for the nation's top insurance carriers, announced its launch of e-Policy Solution. e-Policy Solution is the first digital, interactive experience for policy delivery and is expected to used by 10 of the nation's top insurance carriers.
What is e-Policy Solution?
e-Policy Solution is the first software to enable insurance carriers to offer interactive life insurance policies. Normally the process from enrollment to receiving a life insurance policy in hand takes 20-30 days; however, this software will shorten the experience considerably.
The benefits of e-Policy include:
- The ability for insurance carriers to reduce the 20-30 day delivery period by 40-50 percent
- Printing and mailing costs are reduced for carriers, distributors and agents
- Educational opportunities for consumers
Do You Need Life Insurance?
While the software is in the process of being launched and excepted by insurance carriers, it is not yet in effect, which means you may need life insurance coverage in the meantime. Going without life insurance could be a huge financial threat to your family. While you don't anticipate the worst, you know anything could happen at anytime, which is why it's important to be prepared.
If you don't currently have life insurance, now's the time to shop around. This way, you'll feel comfortable knowing that your family will be safe if the unexpected occurs.
