BT enhances life insurance quoting software

Its LifeCENTRAL+ software now allows advisers and their support teams to share information online, making collaboration easier, according to a statement.

Advisers will also soon be able to apply online by clicking straight through from research software and completing applications with secure data feeds, eliminating the need for re-keying information.

Further, 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.

“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,” said BT head of product for life insurance Kim Cohen.

“We’re also waiving policy fees to coincide with these enhancements.”

In addition to the LifeCENTRAL+ upgrade, BT said it 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 – until midnight, 16 December 2018.

The policy fee waiver is available for new applications only and will apply for the life of the policy.

Adrian Flores

Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

You can contact him on [email protected].