Techficient Unveils OmniTrak: A Revolutionary Digital Life Insurance Solution
Techficient, a frontrunner in insurtech innovation, has recently introduced OmniTrak, a state-of-the-art digital term life insurance solution in collaboration with SBLI. This platform revolutionizes how agents and clients engage with life insurance, streamlining the process and making it more accessible than ever before.
A New Era of Life Insurance
OmniTrak is designed to provide a top-tier experience for users, ensuring that the life insurance journey is not only efficient but also straightforward. By utilizing cutting-edge technology, this platform significantly enhances both the agent experience and the client’s journey, dramatically reducing time and effort required to secure coverage.
One of the standout features of OmniTrak is its innovative field underwriting platform. This tool empowers insurance advisors to offer more accurate quotes while simplifying the underwriting process. Notably, it presents three distinct pathways for applicants, including:
1. Instant Decision
2. Accelerated Underwriting
3. Traditional Underwriting
This flexibility is critical for broadening the reach of life insurance, as it allows agents to cover a larger number of individuals. Remarkably, around 60% of applicants can obtain coverage without needing a medical exam, paving the way for a quicker and easier application process.
Improved Agents Performance
Agents leveraging the OmniTrak platform have reported enhanced placement rates and a greater rate of instant approvals, thanks to its proprietary pre-underwriting feature, which fine-tunes the submission process. Its capacity for user-friendly automated experiences results in more users receiving their insurance swiftly compared to conventional methods.
Additionally, OmniTrak boasts one of the most competitive conversion privileges available, allowing policyholders to transition their policies into whole life or universal life options as late as age 70.
CEO Insights
Todd Ruplinger, CEO of Techficient, put a spotlight on the company’s mission, stating, "By utilizing our field underwriting platform and streamlining the digital process, we are enabling SBLI to make life insurance more approachable and efficient than ever before." This visionary approach not only highlights the commitment to enhancing user experience but also signifies a shift towards a more consumer-friendly insurance landscape.
Empowering Insurance Professionals
OmniTrak is built on Techficient’s robust platform, which encompasses the entire lifecycle from quoting to policy issuance. With features such as predictive data analytics and advanced data-underwriting capabilities, Techficient aims to significantly raise the volume of applications leading to actual policies. As a result, both insurance professionals and clients benefit from a comprehensive digital experience that not only supports customer growth but also increases operational efficacy.
About Techficient
Techficient has established itself as a leader in the insurtech sector, focused on delivering advanced solutions that streamline processes, improve accuracy, and empower professionals in the insurance field to achieve enhanced results. Through a commitment to technological advancement and user-first design, Techficient continues to set benchmarks for excellence within the insurance domain.
For more information about Techficient and its innovative offerings, you can visit www.techf.com or contact them at [email protected].
About SBLI
With over 115 years of experience, SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has dedicated itself to providing clear and dependable life insurance solutions designed to safeguard families across the United States. Known for its commitment to clarity and personal assistance, SBLI offers a mix of term and whole life products to help clients protect their most cherished assets.
Final Note
OmniTrak represents a significant advancement in the insurance technology space, and with Techficient at the helm, the future of life insurance looks brighter and more accessible for all.
A New Era of Life Insurance
OmniTrak is designed to provide a top-tier experience for users, ensuring that the life insurance journey is not only efficient but also straightforward. By utilizing cutting-edge technology, this platform significantly enhances both the agent experience and the client’s journey, dramatically reducing time and effort required to secure coverage.
One of the standout features of OmniTrak is its innovative field underwriting platform. This tool empowers insurance advisors to offer more accurate quotes while simplifying the underwriting process. Notably, it presents three distinct pathways for applicants, including:
1. Instant Decision
2. Accelerated Underwriting
3. Traditional Underwriting
This flexibility is critical for broadening the reach of life insurance, as it allows agents to cover a larger number of individuals. Remarkably, around 60% of applicants can obtain coverage without needing a medical exam, paving the way for a quicker and easier application process.
Improved Agents Performance
Agents leveraging the OmniTrak platform have reported enhanced placement rates and a greater rate of instant approvals, thanks to its proprietary pre-underwriting feature, which fine-tunes the submission process. Its capacity for user-friendly automated experiences results in more users receiving their insurance swiftly compared to conventional methods.
Additionally, OmniTrak boasts one of the most competitive conversion privileges available, allowing policyholders to transition their policies into whole life or universal life options as late as age 70.
CEO Insights
Todd Ruplinger, CEO of Techficient, put a spotlight on the company’s mission, stating, "By utilizing our field underwriting platform and streamlining the digital process, we are enabling SBLI to make life insurance more approachable and efficient than ever before." This visionary approach not only highlights the commitment to enhancing user experience but also signifies a shift towards a more consumer-friendly insurance landscape.
Empowering Insurance Professionals
OmniTrak is built on Techficient’s robust platform, which encompasses the entire lifecycle from quoting to policy issuance. With features such as predictive data analytics and advanced data-underwriting capabilities, Techficient aims to significantly raise the volume of applications leading to actual policies. As a result, both insurance professionals and clients benefit from a comprehensive digital experience that not only supports customer growth but also increases operational efficacy.
About Techficient
Techficient has established itself as a leader in the insurtech sector, focused on delivering advanced solutions that streamline processes, improve accuracy, and empower professionals in the insurance field to achieve enhanced results. Through a commitment to technological advancement and user-first design, Techficient continues to set benchmarks for excellence within the insurance domain.
For more information about Techficient and its innovative offerings, you can visit www.techf.com or contact them at [email protected].
About SBLI
With over 115 years of experience, SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has dedicated itself to providing clear and dependable life insurance solutions designed to safeguard families across the United States. Known for its commitment to clarity and personal assistance, SBLI offers a mix of term and whole life products to help clients protect their most cherished assets.
Final Note
OmniTrak represents a significant advancement in the insurance technology space, and with Techficient at the helm, the future of life insurance looks brighter and more accessible for all.
Topics Financial Services & Investing）
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