iPipeline, a provider of cloud-based software solutions for the life insurance, has launched iSolve, a new research and quoting product developed 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.
iPipeline CEO Tim Wallace said: “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.
“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.”
Wallace said: “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.
“Millions of data combinations are at the agent’s fingertips, making it simple to compare sales scenarios for various carriers in the industry. It’s all about speed to market in this industry, and we see iSolve as a valuable marketing innovation for anyone selling life insurance.”
Brokers International sales senior vice president Ryan Witte said: “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.
“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.”
Levinson and Associates managing partner Bill Levinson said: “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.
“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 Financial insurance operations vice president Aaron Niedorf said: “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.
“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.”
Empire Insurance Brokerage principal David Braver said: “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.
“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.”
iPipeline’s 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.
Source: Company Press Release