Michael Kalen of Futurity First Speaks on Innovation in Life Insurance and Underwriting at iPipeline's Executive Roundtable Event
March 27, 2014 - Rocky Hill, CT
Michael Kalen, CLU, ChFC and CEO of Futurity First, was one of only three insurance and financial services executives to speak at iPipeline's Executive Roundtable event held from March 19 to 21, 2014 in Las Vegas, Nevada.
Futurity First is a national network of 3,000 career and independent advisors focused in the protection and retirement planning needs of pre-retirees and retirees.
iPipeline leads its industry in providing the next-generation of sales distribution software to the insurance and financial services markets through its on-demand service and suite of tools.
Attended by 650 industry leaders, the iPipeline Executive Roundtable focuses on customer and agent needs for better, faster and new ways to support the purchase and servicing of insurance products.
According to Tim Wallace, CEO of iPipeline, Kalen spoke on the topic of predictive underwriting and simplifying the life insurance underwriting process. "Futurity First is an emerging leader in using faster and more effective ways to help customers purchase the life insurance protection they need with express applications and non-medical processes," said Wallace.
Says Kalen: "We have over 30% of our new insurance applications using these streamlined processes."
The result for customers includes coverage within 12 days versus 50 days with less paperwork. Kalen went on to say, "As carriers, advisors and customers adapt to these new methods, we expect life insurance sales to double, as we make it easier and less expensive for everyone involved to purchase this important financial planning product."
For more information about Futurity First, please visit: www.futurityfirst.com.
For more information about iPipeline, please visit: www.ipipeline.com.
Susan B. Chanley