Assumption Life is preparing to offer an e-signature feature for its electronic applications.
On Jan. 20, Assumption announced that, before the end of March, e-signature will be available for all its life and critical illness products through eSignLive.
Tommy Petrogiannis, the president of eSignLive, says that his firm is seeing "a huge uptake" of its products in the financial services industry as companies work towards digitizing both the front-end experience for agents and customers as well as the back-end processes for data and records management. “E-signatures remove paper so you have an end-to-end digital process, which makes it much easier to do business securely and compliantly," he says.
When the feature is rolled out, Assumption will have a fully paperless process for all of its insurance and critical illness products.
"Clients will be able to sign their application electronically, saving precious time and paper," comments Derrick Smith, Assumption Life’s vice-president and chief information officer. "We are constantly looking for ways to make life easier for both our brokers and our clients. This was the next logical step towards offering an even more efficient, quick, and easy way to do business with us, anytime, anywhere.”