iPipeline “ a leading provider of cloud-based software solutions for the life insurance and financial services industry “ today announced the launch of iSolve„¢, a new research and quoting product for permanent life insurance policy sales. Designed to simplify and streamline the process of identifying and quoting life insurance options for consumers, iSolve enables agents to conduct one simple and secure search, which returns multiple life insurance options in the form of financial illustrations. Early BGA adopters of this new agent marketing and selling product include Brokers International, Levinson and Associates, AdvisorNet Financial, and Empire Insurance Brokerage.
Clients can be very demanding when exploring life insurance policies. They expect to see multiple purchasing options for a variety of scenarios and prices, and this is an exhaustive and complex undertaking, said Tim Wallace, CEO, iPipeline. With iSolve, our new research and quoting product, marketers are no longer forced to spend hours creating multiple illustrations to cover all the policy options a client might want to review.
iSolve has database housing values for every possible illustration solve scenario, which include premiums, target premiums, cash surrender values, distribution amounts, internal rates of return and guarantee years for all the top insurance companies, added Wallace. Millions of data combinations are at the agents fingertips, making it simple to compare sales scenarios for various carriers in the industry. Its all about speed to market in this industry, and we see iSolve as a valuable marketing innovation for anyone selling life insurance.
We are excited to invest in a software that is going to streamline many of our internal processes. We have been looking for some time for a product just like iSolve, said Ryan Witte, Senior Vice President of Sales, Brokers International. As an early adopter of the solution, we look forward to providing real-time feedback to influence the next round of updates for the product.
As a leading IMO providing our 15,000 agents nationwide with the latest in technological innovations, we are always searching for the next ˜game changer to help our agents streamline their business, save time, and gain a speed-to-market advantage, said Bill Levinson, Managing Partner, Levinson and Associates. iSolve makes the task of researching and quoting multiple carrier perm products a simple, accurate and extremely quick process. This is potentially a real game changer for us, and we are expecting immediate adoption across our agent base.
AdvisorNet was looking for a tool to make running illustrations more efficient for both our advisors as well as our internal and external wholesalers. We often create spreadsheets and run countless illustrations which takes an enormous amount of time, stated Aaron Niedorf, Vice President of Insurance Operations, AdvisorNet Financial. With this new illustration tool, our staff will save time and our advisors will have the ability to make changes and run different scenarios without requiring assistance. This will cut down on the back and forth for the rerunning of illustrations and creating of manual spreadsheets. We are viewing this as a win-win for everyone.
As a life insurance brokerage, we take great pride in providing our brokers with the ultimate products and tools needed to simplify the complexities of the life insurance market, said David Braver, Principal, Empire Insurance Brokerage (EIB Inc.). iSolve is an innovative and powerful tool, which will save our brokers a lot of time and enable them to close more cases rapidly and efficiently. We view iPipeline as a solutions provider driving innovation within the life insurance industry, and we are excited to jump-start this new product deployment with our agents.
iPipelines solutions are designed to enable the life insurance and financial services industry to automate and simplify all new business, administration, and in force management tasks to achieve desirable business outcomes. For assistance in reimagining how your organization does business and achieving a competitive advantage, contact [email protected] or call 1-800-758-0824, option 2.
iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Through our SaaS-based new business acquisition platform, we accelerate and simplify sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the financial services industry including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers. Our innovative solutions enable automated processing for pre-sales, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, consumer delivery and self-service, and agency and firm management.
iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 130 carriers, 1,300 distributors and financial institutions, and their agents and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Bromley (UK), Cheltenham (UK), Dallas, Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com.