BT has enhanced its online quote and application software, LifeCENTRAL+, to make the process of applying for life insurance simpler and more efficient for advisers and their clients.
LifeCENTRAL+ now allows advisers and their support teams to share information online, making collaboration easier and resulting in a more efficient way of running their businesses.
Through LifeCENTRAL+, advisers and their teams will also soon be able to apply online by clicking straight through from research software (such as IRESS) and completing applications with secure data feeds, eliminating the need for re-keying information.
In addition, the personal statement section of the application form has been redesigned to be more flexible, so any relevant questions can be answered in the order that clients and their advisers prefer.
In conjunction with the launch of the LifeCENTRAL+ enhancements, until midnight, 16 December 2018, BT is waiving all Protection Plans policy fees currently applied on lump sum cover (term life, total permanent disability and living insurance), as well as any income protection cover quoted and applied for in combination with a lump sum policy. The policy fee waiver is available for new applications only, and will apply for the life of the policy.
Kim Cohen, BT’s Head of Product, Life Insurance, said: "The enhancement of LifeCENTRAL+ is a direct result of advisers’ feedback. The changes we’ve implemented reflect adviser business models, allowing information sharing between advisers and their support staff, streamlining the application process and making applying for life insurance easier and more efficient. We’re also waiving policy fees to coincide with these enhancements. We encourage advisers to register for the enhanced software and will provide further updates throughout the year."
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