ApplicInt Partners with SBLI to Simplify Insurance Application

ApplicInt—a leading insurance application fulfillment solutions provider recently led efforts to digitize the Life Insurance application process. In a Pilot, SBLI successfully implemented ApplicInt’s U*Complete platform that enables clients to self-complete Life Insurance applications, which is seamlessly integrated into SBLI’s fulfillment process. Meanwhile, SBLI is planning for a full production rollout of U*Complete in the second quarter of 2021.

As per the news reports, ApplicInt’s U*Complete has two workflow self-service models that includes Carrier Direct to Consumer and Agent Direct to Customer. When it comes to the Carrier Direct  to Consumer process, there is a secure login for the client to the Carrier’s Website. The consumer can then choose a product and then get a quote directly. They then complete a Part A Life Insurance Application, with the Part B medical questions being optional depending on the carrier’s fulfillment process. Later, the consumer then eSigns these Forms to complete the process. The program also facilitates a real-time chat when needed or a warm transfer to a call center to schedule an exam based on the requirements. Data as well asforms are sent to the carrier in the right order. Meanwhile, the Agent Direct to Consumer model is essentially identical, the only exception is that the Agent initiates the fulfillment process and the consumer can review quotes.

Mike Feroah Sr., Founder and Chief Strategy Officer of ApplicInt stated, “We are overly excited about the extension of our technology that allows a common platform to be used by consumers, call centers and examiners to provide part A or part B application information to carriers. U*Complete also can be integrated with automated underwriting platforms for deep instant decisioning. And if you have existing ApplicInt software, it can be converted to U*Complete in a matter of weeks. U*Complete provides better a customer experience with enormous cost and efficiency savings.”

Share

Related

Food and Much More

When we made the decision to invest our resources...

Rolling the Fintech Dice Like You’ve Never Seen Before

While there are actually too many to count, the...

Creating a Smarter Game

It’s extremely valuable to have problem-solving capabilities at your...

How AI can improve end of life care in patients with cancer

More than a million and a half Americans are...

Virtual is the New Real

Social media will go down as one of the...

Just Announced: The Agenda for Digital Transformation Week North America 2024

The agenda for the upcoming Digital Transformation Week North...

Balance Raises $56 Million in Series B Financing; Plans to Scale up the B2B Payments’ Landscape

Surely, there are many things that make human beings...

ICON Raises $185 Million in Funding; Gets Closer to $2 Billion Valuation

If you go back and sift rather meticulously through...

Latest

No posts to display

No posts to display