Principal’s Brokerage Operation Deploys iPipeline iGO Drop Ticket

The drop ticket can be used in conjunction with the Principal Accelerated Underwriting program to help expedite issuance of a policy. 

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Principal has deployed iPipeline’s (Exton, Pa.) iGO Drop Ticket to provide a faster solution for selling Principal term life products. The solution enables the Des Moines-based company’s brokerage distribution customers to quickly and easily quote insurance products and submit a “ticket,” or rules-based short form, for processing, according to a vendor statement.

The drop ticket can be used in conjunction with the Principal Accelerated Underwriting program to help expedite issuance of a policy, iPipeline reports.

Industry Trend

Tim Wallace, CEO, iPipeline.

Tim Wallace, CEO, iPipeline.

The use of iGO Drop Ticket is illustrative of an industry trend to simplify and digitize how agents market, sell and process insurance products using next-generation point-of-sale technology, the vendor asserts

“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,” comments 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,” Wallace continues. “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.”

The Principal Speeds Life Insurance Underwriting to Within 48 Hours Without Labs

 

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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