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US insurer launches instant digital life insurance

Modern Life announced the launch of an instant life insurance program. Thanks to the digital platform, the clients can choose from several products (e.g. permanent life, term life, long-term care).
US insurer launches instant digital life insurance

The platform includes digital underwriting that uses big data analytics to determine the best products for customers, and unique, shareable digital application forms that eliminate the hassle of collecting customer data. The platform is also optimized for faster underwriting reducing the time from the proposal to digital contract signing.

“The life insurance application process is notoriously complex and time-consuming for advisors and their clients, - said Jack Arenas, co-founder and CTO of Modern Life.- We are promoting opportunities by combining advanced technology, analytics and user experience design to help their customers get the information they need quickly and efficiently.”

Source: https://www.dig-in.com/news/modern-life-launches-instant-life-insurance-quotes

Photos are from open sources.

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