Some news from the US market for you;
Transamerica has announced the introduction of a new final expense insurance offering that provides applicants with an easy, digital experience — from quote to policy delivery — in as little as 10 minutes. The new Transamerica FE Express Solution℠ (FE Express) provides guaranteed level premiums and permanent lifetime protection, up to $50,000 for qualified applicants.
“Everyday Americans deserve protection that is designed to be quick and easy to apply for at affordable prices,” said Andrew DeMarco, head of life solutions at Transamerica. “That’s why Transamerica created FE Express to provide peace of mind at a budget-friendly price point. The intuitively designed digital platform gives agents and customers access to manage their policy when it works for them.”
FE Express comes with with an optional Funeral Concierge Rider provided by Everest Funeral Concierge, at no additional premium cost. Staffed round-the-clock, families have access to trained professionals who specialize in funeral planning, offering support to clients before, during, and after the loss of a loved one. The service also provides legacy planning tools to create a will, healthcare directive and other customized legal documents, and then stores them for convenient access.
The FE Express integrated, online platform streamlines the application process to identify options and premiums to fit the consumer. Text and email signatures and electronic policy delivery make the buying process simple, while online policy management lets the consumer stay on top of their policy 24/7.
Powered by Bestow, a leading life insurance technology company, consumers and agents benefit from the specialized technology platform and self-service options offered by FE Express. The interactive dashboard gives a snapshot of application status and current policies, helping agents understand and manage their business.
“Through their dedication to our customers, agents see first-hand how Transamerica products and services help clients, often when they need it most,” said DeMarco. “FE Express, with the ease-of-application and unique benefits, will assist our agents build even stronger relationships and connect with new customers in underserved markets.”
FE Express is the latest addition to Transamerica’s final expense suite of products, which include Immediate Solution, 10-Pay Solution and Easy Solution.
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