(Image credit: Adobe Stock.)
iPipeline (Exton, Pa.) a provider of cloud-based software solutions for the insurance and financial services industry, has announced the launch of iSolve, a research and quoting product for permanent life insurance policy sales. The new marketing and selling solution enables agents to conduct one simple and secure search, which returns multiple life insurance options in the form of financial illustrations, thus simplifying and streamlining the process of identifying and quoting life insurance options for consumers, according to the vendor.
“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,” comments 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,” Wallace adds. “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.”
Early BGA adopters of this new agent marketing and selling product include Brokers International, Levinson and Associates, AdvisorNet Financial, and Empire Insurance Brokerage.
“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,” comments Ryan Witte, Senior VP of Sales, Brokers International (Urbandale, Iowa). “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,” comments Bill Levinson, Managing Partner, Levinson and Associates (Coral Springs, Fla.). “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 its advisors as well as its internal and external wholesalers, according to Aaron Niedorf, VP of Insurance Operations, AdvisorNet Financial (Austin, Minn.). “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.”
Saving Brokers Time
“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,” comments David Braver, Principal, Empire Insurance Brokerage (EIB Inc.; New York). “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.”