Term Applications for $1.5 Million and Below Will Require Digital Submission
We know our service hasn’t met our expectations or yours, so we’ve been looking at ways to help improve it. Digital applications significantly streamline the new business process and can be reviewed up to six times faster than paper applications.
To that end, increasing digital application usage will have a meaningful impact on efficiency and capacity. Therefore, we’ll be requiring eApp or Drop Ticket℠ application submissions for Advantage Elite Select term policies $1.5 million and below starting May 2, 2022.1 This will ensure that your applications are submitted in good order without the back and forth, so your clients get insured fast and you get the service you deserve.
Applicants using our digital applications expressed a 41% higher satisfaction rate compared to the traditional paper application submission.2 And when paired with our digital Part 2 and WriteFit Underwriting™ your clients can expect a fast underwriting offer.
1. Drop Ticket is not available in New York.
2. Survey results provided to Securian Financial’s Individual Solutions division. Results as of March 31, 2022.