Policygenius, Impact partner to ease term life fulfillment

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The partnership will enable Impact’s community, which consists of greater than 200 constituent companies and a couple of,000 advisors, to save time and power serving to shoppers safe term life insurance coverage protection. The time financial savings will enable Impact to cut back its present prices of inserting term life protection whereas additionally capturing extra alternative that advisors might have prevented due to the onerous means of securing protection, the businesses mentioned.

“We’re thrilled to have the option to supply Policygenius Pro to Impact companions,” mentioned Clay Eschrich, senior vice chairman of life and distribution at Impact. “Term life protection has all the time been tough for advisors due to its time-intensiveness, and Policygenius Pro is the main resolution for assuaging that ache level.”

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“Impact is a perfect partner for our Policygenius Pro platform,” mentioned Jennifer Fitzgerald, co-founder and CEO of Policygenius. “They’re an revolutionary [field marketing organization] that experiences the precise ache level that Policygenius Pro is designed to resolve: serving to monetary advisors and impartial brokers present important term life protection for his or her shoppers, with out the complexities and time-consuming course of.

“The pace with which Impact has carried out Policygenius Pro and pushed adoption exhibits how dedicated they’re to higher serving their advisory community and finish shoppers.”

Policygenius Pro has helped companions lower placement instances by half, on common, and has lowered the typical time an advisor spends on an utility from 2.5 hours to 15-20 minutes.

“This isn’t only a manner for us to offload term life – we count on Policygenius Pro to assist us greater than double our term manufacturing,” Eschrich mentioned. “Simply by permitting companions to save a lot time managing the logistics of getting their shoppers lined, they’ll have the option to concentrate on higher-value work and improve their general profitability. We now really feel we’re able to make term life a revenue heart moderately than a value heart.”

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