The iPipeline® ecosystem enables National Life Group to create a fully automated underwriting platform for new business
National Life becomes one of the first providers to offer fully digital distribution of Indexed universal life policies via same-day rotation and no human contact
EXTON, Pennsylvania and MONTPELIER, Vermont., September 13, 2022 /PRNewswire/ — iPipeline® announces that National Life Group is using its iGO® e-App and Resonant® underwriting solutions to automate and optimize the underwriting and distribution of indexed universal life insurance policies.
iPipeline’s technology enables La Nationale Vie to become one of the first insurance providers to distribute universal life insurance policies through a fully digital process, the same day the customer requests coverage and without any human intervention. . By integrating iPipeline’s e-App, new business solutions with electronic underwriting and signature tools, La Nationale Vie can now fully digitize and automate all processes involved in issuing a policy. complex indexed universal life insurance including electronic application, data transfer, underwriting, policy approval. , and send the policy to the client.
“Our partnership with La Nationale Vie spans more than a decade and has resulted in an innovative platform that reduces the time to issue an indexed universal life insurance policy from approximately 46 days to less than a “, said Deane Price, President and CEO of iPipeline. “National Life is one of the fastest growing life insurers in the United States*, and we are proud that our continued collaboration has positioned them to grow at scale to meet their customers’ expectations.
“La Nationale Vie and iPipeline are two companies, but since the beginning of our strategic partnership, we have formed a collaborative and innovative team,” said Nimesh Mehta, Senior Vice President and Chief Information Officer of National Life Group. “We are a goal-oriented organization, and iPipeline shares our commitment to having the right process in place, especially for those in Central America, where a significant percentage of the population is uninsured or underinsured. Our relationship with iPipeline allows us to transform the way we provide insurance, so that we are well positioned to stay ahead of customer expectations in today’s ever-changing world and ensure that the process will never stop customers from protecting their financial future.”
About iPipelineiPipeline is building a comprehensive digitized ecosystem for the life insurance and wealth management industries that will enable millions of uninsured and underinsured Americans to secure their financial future in one planning experience holistic finance. The company strives to optimize all request and processing workflows, from quote to commission, and consolidate them into one of the largest straight-through processing platforms, dramatically reducing paper , saving time and increasing premiums and investments for insurance agents. iPipeline is also committed to offering best-in-class subscription tools to help financial institutions and advisors automate and digitize financial transactions, comply with regulations, and seamlessly integrate life insurance and annuities in accounts receivable.
The iPipeline digital ecosystem integrates one of the largest datasets in the industry to enable advisors and agents to optimize their business. Since its inception in 1995, iPipeline has facilitated 1.5 billion quote responses, saved $32 billion in printing and mailing costs, collected $55 billion in premiums and protected $25 million in lives. iPipeline operates as a unit of Roper Technologies (NYSE: ROP), a component of the S&P 500® and Fortune 500® indices. For more information, please visit https://www.ipipeline.com/.
About National Life GroupNational Life is here to bring you peace of mind. We’ve been keeping our promises since 1848. Believe in tomorrow, do good today. Learn more about NationalLife.com.
National Life Group® is a trade name of National Life Insurance Company, founded in Montpelier, Vt., in 1848, Life Insurance Company of the Southwest, Addison, Texas, chartered in 1955, and their affiliates. Each company of the National Life Group is solely responsible for its own financial situation and its contractual obligations. Life Insurance Company of the Southwest is not a licensed insurer in New York and does not conduct insurance business in New York.
Laura SimpsonJConnelly for iPipeline973-713-8834[email protected]
Beth RusnockCorporate Communications, National Life Group802-229-7214[email protected]
* 3rd fastest growing life insurance company over the past 5 years (among companies with over $50 million in sales in 2016) – LIMRA Sales Rankings, Q4 2021
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