Electronic Ticket Simplifies Application Process and Delivers Speed-to-Market Advantages for Product Sales
Exton, PA - March 22, 2016 – iPipeline® – a leading provider of cloud-based software solutions for the life insurance industry– today announced Principal® has selected iGO® Drop Ticket to provide a faster solution for the selling of Principal term life products. The solution enables their brokerage distribution customers to quickly and easily quote insurance products and submit a “ticket,” or rules-based short form, for processing. The drop ticket can be used in conjunction with the Principal Accelerated UnderwritingSM program to help expedite issuance of a policy. The use of iGO Drop Ticket highlights an industry initiative to simplify and digitize how agents market, sell and process insurance products using next-generation point-of-sale technology.
“Digitizing and improving the agent and consumer experience has moved to the top of the industry’s must-do list. Making the selling and buying process easy and actually enjoyable speaks a lot to the benefits of using our Drop Ticket solution,” said Tim Wallace, CEO, iPipeline. “The agent simply submits the ticket with basic information to a BGA or call center, an intermediary completes the information gathering process with the consumer, and it enters into the underwriting process. Electronic completion, e-Signature, and e-Submission speed the process, and this frees up individuals to sell more. The selection of iGO Drop Ticket for use with Principal term life products will assist them in achieving their financial goals while improving the experience for their agents and consumers.”
iGO Drop Ticket is available to support Principal sales in all states with the exception of New York. To learn how you can implement iPipeline’s iGO Drop Ticket solution to support the marketing, selling and processing of life products, contact [email protected] or call 1-800-758-0824, option 2. Click here for information on iGO Drop Ticket.
Principal helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals -- offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. To find out more, visit us at www.principal.com.
iPipeline is a leading provider of cloud-based software solutions for the life insurance industry. Through our SaaS solutions, we accelerate and simplify insurance sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the life insurance industry including carriers, agents (such as financial advisors and independent insurance agents), distributors (such as banks, broker-dealers and general agencies) and consumers. Our innovative solutions enable automated processing for pre-sales, point-of-sale execution of applications, post-sale support, reporting, consumer delivery and agency management.
iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 120 carriers, 875 distributors and financial institutions, and their producers and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Cheltenham (UK), Fort Lauderdale, Huntersville, Philadelphia, Salt Lake City, Tokyo, and Vancouver. Visit us at www.ipipeline.com.
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