Haven Time period Simplified is the perfect providing for fintechs, banks, advisors, insurance coverage brokers and extra who need to suggest a no-exam time period life product to shoppers.
NEW YORK, Could 19, 2020 /PRNewswire/ — Haven Life, the customer-centric life insurance coverage company backed and wholly owned by Massachusetts Mutual Life Insurance coverage Firm (MassMutual), is rolling out a brand new 100% no medical examination product that may be bought immediately via companions. Banks, advisors, insurance coverage brokers and extra can now supply Haven Time period Simplified to shoppers preferring a no examination time period life insurance coverage shopping for expertise. This simplified concern time period product, issued by MassMutual subsidiary C.M. Life, is designed with an array of accomplice wants in thoughts — notably that includes straightforward plug-and-play API capabilities, an advisor portal for monitoring utility (or applicant) standing and commissions, and Haven Life’s seamless digital shopping for expertise. [Note: payment of a life insurance policy is based on the truthfulness of information provided in the application.]
“Haven Life is dedicated to assembly life insurance coverage clients wherever they’re — and infrequently, it is the place they’re managing the remainder of their monetary life,” mentioned Jason Krasula, head of distribution and technique at Haven Life. “Fintech companions, monetary service corporations and insurance coverage brokers need to supply merchandise that meet their consumer’s distinctive wants and buying preferences. With Haven Time period Simplified, corporations can now supply an vital monetary product on to their clients in probably the most handy approach potential.”
Haven Time period Simplified was thoughtfully designed to be suitable with quite a lot of infrastructure wants and accomplice cost constructions. The applying for the no medical examination, time period life insurance coverage product may be accomplished in a matter of minutes through the use of the next capabilities:
- Co-branded touchdown web page: Splendid for companions who need an easy begin to working collectively, the Haven Life group affords a co-branded touchdown web page expertise that may be shared immediately with shoppers who want time period life insurance coverage.
- Quote widget: A easy resolution for companions who wish to get Haven Time period Simplified up and working on their website in minutes, the quote widget solely requires one line of embeddable code. As soon as carried out, shoppers can simply get a quote for Haven Time period Simplified after which can be directed to use on-line via Haven Life’s web site.
- Quote API: The Quote API permits companions to characteristic quotes from Haven Life — via the widget or built-in right into a accomplice’s quote performance — and seamlessly cross knowledge to the appliance. Buyer demographic info and protection choices can be pre-filled within the utility to encourage completion.
- Associate-hosted Software API (coming quickly): Companions who desire a self-hosted, absolutely built-in expertise can use this API to supply Haven Time period Simplified immediately via their web site portal or cell app. With the Software API, clients apply for the product on-line with out ever leaving the accomplice’s web site. As soon as the appliance is submitted, the client will obtain an prompt determination on protection.
- Telesales: Constructed for companions preferring to information their shoppers via the life insurance coverage buying expertise, Haven Life’s partnership portal permits an advisor to seize an applicant’s solutions over the cellphone. The portal consists of conversational prompts, e-signatures and consents by way of textual content to streamline the method for each the accomplice and the consumer. As soon as an utility is submitted, the coverage is underwritten in real-time to offer an prompt determination on protection eligibility. If permitted, the client can login to their account and begin protection instantly. The applicant standing and related fee are each simply tracked via the portal.
Haven Life’s quickly rising partnership roster consists of corporations like Covr Monetary Applied sciences, Stride Well being and EZ Assurance. Haven Life prides itself on offering best-in-class customer support to each clients and companions. For every of the above options and throughout product choices, the Haven Life group will work immediately with companions for onboarding and coaching and to know every companies’ distinctive know-how and reporting wants.
“Covr is so happy to be working with Haven Life. The group’s speedy response to our altering setting has been a stand out amongst others within the insurance coverage business,” mentioned Mike Kalen, CEO of Covr Monetary Applied sciences. “Haven Life’s digital platform for time period life insurance coverage is a good match with our rising buyer base.”
To be taught extra about partnering, please e-mail: HavenLifePartners@havenlife.com.
About Haven Life
Haven Life Insurance coverage Company, LLC (Haven Life) is re-thinking how individuals financially shield those they love. Haven Life is dedicated to delivering distinctive merchandise, pleasant buying experiences, and significant moments of service to the fashionable life insurance coverage buyer.
Haven Time period Simplified is a Simplified Difficulty Time period Life Insurance coverage Coverage (ICC19PCM-SI 0819 in sure states, together with NC) issued by the C.M. Life Insurance coverage Firm, Enfield, CT 06082. Coverage and rider kind numbers and options may range by state and may not be accessible in all states. Our Company license quantity in California is OK71922 and in Arkansas 100139527.
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SOURCE Haven Life