Leveraging Apptical’s modern edge underwriting technology platforms, SoundDecisions and PURE, 5Star Life will be able to save operation costs while effectively, quickly and accurately underwrite Silver Premier Choice products.
The life insurance company noted that instant access to underwriting decisions will make selling easier for final expense market.
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5Star Life business insurance markets vice president John Sachs said: "Apptical’s cutting edge capabilities as a premier provider of tele-underwriting services is far superior to anything we’ve seen in the market.
"With this system in place, agents will benefit by getting true point of sale underwriting decision capability with added features such as the ability to handle dual purpose drugs, reflexive questioning, identity validation, as well as bank account verification.
"5Star Life benefits by not only providing our agents with fast and efficient point of sale underwriting, but by improving the quality of the interview experience for both the agent and the customer, improving up-front underwriting, and improving long term mortality experience on new business."
Louisiana-domiciled 5Star Life offers life insurance to the senior market, and supplemental and voluntary life insurance to the worksite/group employee benefit market.
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