EXTON, Pa.--(BUSINESS WIRE)--iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced WoodmenLife has implemented iPipeline's Illustration Integrator® with iGO® e-App to provide its sales representatives with a unified selling experience.
iPipeline's Illustration Integrator allows WoodmenLife’s reps to enjoy an automated selling experience by re-using external calculations to generate an illustration PDF, which is sent directly to iGO e-App for agent use. WoodmenLife is also using the disconnected option to improve rep mobility and support the selling process in the field. Address and bank validation options help to achieve a high rate of applications in Good Order.
"The ability to leverage existing illustration investments offers new efficiencies to carriers and their agents. In this instance, via WoodmenLife’s Web services, we accessed their existing illustration system and used resident data to generate an illustration PDF for integration with iGO e-App," said Larry Berran, CEO, iPipeline. "Given the persistently low interest rates, carriers are seeking to lower costs, improve agent productivity, and grow. The combination of Illustration Integrator with our e-App represents just one example of how iPipeline is providing carriers with flexible solutions to reduce NIGO rates and the number of paper applications submitted by agents while optimizing their existing illustration investments."
“After considering a range of options, our decision to implement iPipeline’s solution was based on their extensive industry experience and solid record of success in helping other carriers to achieve new efficiencies by reducing NIGOs to increase policy placements,” said Denise McCauley, Executive Vice President & Chief Operating Officer, WoodmenLife. “With the help of iPipeline, the recent launch of our My Choice IUL™ product was highly successful and is already producing positive returns. This project has allowed WoodmenLife to offer an IUL application experience that is 100% digital. iPipeline has delivered a level of flexibility and value, which is not easily matched in this marketplace.”
iPipeline’s end-to-end/quote-to-claim SSG Digital™ core platform is 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 more information about our solutions, contact your assigned sales representative, firstname.lastname@example.org, or call 1-800-758-0824, option 2.
Woodmen of the World Life Insurance Society (WoodmenLife) was founded in 1890. The organization gives back to its nearly 700,000 members, who join together in a shared commitment to family, community and country. With a legacy of financial stability, WoodmenLife offers quality life insurance and retirement products. To learn more about the organization, and the activities and the extras members enjoy, visit www.WoodmenLife.org.
iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Through our SSG Digital, end-to-end platform, we accelerate and simplify sales, compliance, operations and support. We provide process automation and seamless integration between every participant in our ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers on a global basis. Our innovative solutions include pre-sales support, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, user-driven configuration, consumer delivery and self-service, and agency and firm management.
iPipeline’s platform is used by approximately 150 carriers, 1,400 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), Burlington (Canada), Cheltenham (UK), Dallas, Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com.