Realtime's life insurance solutions for carriers are designed to help you reduce the processing time and cost of selling new business through your existing distribution channels. In addition, our solutions can generate new revenues by helping you establish new distribution channels or introduce new products, for example, an immediate issue term life policy to the underserved middle market.

For a direct marketer of term life to several of the largest banks in America. We created a bank agent portal for them that quoted product and then submitted an electronic application.

Realtime also provides industry-leading new business processing systems for term life distributors. One of our most popular features is our pre-quote risk evaluation. Based on this quick assessment, an agent can select the right carrier, provide an accurate quote, and manage applicant expectations before a plan is even selected. The result is fewer underwriting rate changes and better close rates.

In addition, Realtime has extensive experience in deploying electronic applications and voice signatures in call centers, and seamlessly handing off completed applications to a carrier for underwriting. We have also created web-based electronic applications for distributors of term life insurance to banks, for example, where agents can offer and quote term life insurance while the customer is present to sign the completed electronic application (either click sign over the Internet or wet sign a printed PDF).

If you're looking for ways to remove the handling inefficiencies, inconsistencies, and time delays in your existing quoting, application, or underwriting processes, you can quickly and economically implement one of our Realtime eBusiness solutions. Or, if you want to pursue a totally automated new business processing strategy built on industry-leading technology, then Realtime STP is the solution to match your needs.

To learn more about our solutions for the term life insurance industry, please contact us.

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A term life carrier wanted to jump start a direct-to-consumer product and differentiate itself by streamlining its new business processing for a competitive advantage. We installed Realtime STP for use by its distribution channels and now the carrier processes well over half its applications in real time.

A major life carrier wanted to reduce processing time and underwriting costs for a life product distributed through banks. We implemented our online Realtime Data Bureau into their underwriting system to act as their risk "triage" and determine which applicants could be issued a policy immediately at point of sale, and which needed traditional underwriting through the carrier.

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