Empire Life has released a new version of its online life insurance application.
On Oct. 13, Empire announced the launch of its Fast & Full App 3.1. The insurer says it has relied on feedback from financial advisors and added the most requested features to its existing application. The new version of the software works on any tablet, desktop, or laptop, and it also uses electronic signatures and e-payment to reduce paper and speed up processing time. Fast & Full 3.1 includes:
- Empire's new participating whole life product, EstateMax
- joint-life and multi-life policy capability
- the addition of riders and benefits
- the ability to bypass the health questionnaire with personal history tele-interview
- integrated sales illustrations
"Since introducing our Fast & Full online life insurance application in December 2013, many advisors have adopted the streamlined process that saves them time and eliminates paper applications; allowing them to see more clients," says Sean Kilburn, senior vice-president of retail at Empire. "We knew that our initial online sales process would evolve over time and by working closely with our advisor community we have been able to enhance our online life insurance application process by adding the most requested features from advisors who are using it."