The partnership will permit Impact’s community, which consists of greater than 200 constituent companies and a couple of,000 advisors, to save lots of time and vitality serving to shoppers safe time period life insurance coverage protection. The time financial savings will permit Impact to cut back its present prices of inserting time period life protection whereas additionally capturing extra alternative that advisors could have prevented as a result of onerous means of securing protection, the businesses stated.
“We’re thrilled to have the ability to supply Policygenius Pro to Impact companions,” stated Clay Eschrich, senior vice chairman of life and distribution at Impact. “Term life protection has at all times been difficult for advisors as a result of its time-intensiveness, and Policygenius Pro is the main answer for assuaging that ache level.”
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“Impact is a perfect accomplice for our Policygenius Pro platform,” stated Jennifer Fitzgerald, co-founder and CEO of Policygenius. “They’re an modern [field marketing organization] that experiences the precise ache level that Policygenius Pro is designed to resolve: serving to monetary advisors and unbiased brokers present important time period life protection for his or her shoppers, with out the complexities and time-consuming course of.
“The velocity with which Impact has applied Policygenius Pro and pushed adoption reveals how dedicated they’re to higher serving their advisory community and finish shoppers.”
Policygenius Pro has helped companions lower placement instances by half, on common, and has decreased the typical time an advisor spends on an utility from 2.5 hours to 15-20 minutes.
“This isn’t only a method for us to dump time period life – we anticipate Policygenius Pro to assist us greater than double our time period manufacturing,” Eschrich stated. “Simply by permitting companions to save lots of a lot time managing the logistics of getting their shoppers lined, they’ll be capable to concentrate on higher-value work and enhance their total profitability. We now really feel we’re able to make time period life a revenue heart relatively than a price heart.”