NEW YORK, Might 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 offered instantly by way of companions. Banks, advisors, insurance coverage brokers and extra can now provide Haven Time period Simplified to purchasers 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 companion 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 prospects 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 want to provide merchandise that meet their shopper’s distinctive wants and buying preferences. With Haven Time period Simplified, corporations can now provide an necessary monetary product on to their prospects in essentially the most handy means attainable.”
Haven Time period Simplified was thoughtfully designed to be suitable with a wide range of infrastructure wants and companion cost constructions. The applying for the no medical examination, time period life insurance coverage product may be accomplished in a matter of minutes by utilizing the next capabilities:
- Co-branded touchdown web page: Ultimate for companions who need a simple begin to working collectively, the Haven Life group presents a co-branded touchdown web page expertise that may be shared instantly with purchasers who want time period life insurance coverage.
- Quote widget: A easy answer for companions who wish to get Haven Time period Simplified up and operating on their web site in minutes, the quote widget solely requires one line of embeddable code. As soon as carried out, purchasers can simply get a quote for Haven Time period Simplified after which shall be directed to use on-line by way of Haven Life’s web site.
- Quote API: The Quote API permits companions to characteristic quotes from Haven Life — by way of the widget or built-in right into a companion’s quote performance — and seamlessly go information to the appliance. Buyer demographic data and protection picks shall be pre-filled within the utility to encourage completion.
- Accomplice-hosted Software API (coming quickly): Companions who need a self-hosted, totally built-in expertise can use this API to supply Haven Time period Simplified instantly by way of their web site portal or cell app. With the Software API, prospects apply for the product on-line with out ever leaving the companion’s web site. As soon as the appliance is submitted, the client will obtain an on the spot choice on protection.
- Telesales: Constructed for companions preferring to information their purchasers by way of 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 companion and the shopper. As soon as an utility is submitted, the coverage is underwritten in real-time to supply an on the spot choice on protection eligibility. If authorised, the client can login to their account and begin protection instantly. The applicant standing and related fee are each simply tracked by way of 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 prospects and companions. For every of the above options and throughout product choices, the Haven Life group will work instantly 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 fast response to our altering surroundings has been a stand out amongst others within the insurance coverage trade,” mentioned Mike Kalen, CEO of Covr Monetary Applied sciences. “Haven Life’s digital platform for time period life insurance coverage is a superb match with our rising buyer base.”
To study extra about partnering, please e mail: [email protected].
About Haven Life
Haven Life Insurance coverage Company, LLC (Haven Life) is re-thinking how folks financially shield those they love. Haven Life is dedicated to delivering distinctive merchandise, pleasant buying experiences, and significant moments of service to the trendy life insurance coverage buyer.
Haven Time period Simplified is a Simplified Concern 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 out there in all states. Our Company license quantity in California is OK71922 and in Arkansas 100139527.
SOURCE Haven Life