E-Commerce Software for Life Insurance Industry

ChannelPoint LifeSuite is a new business selling and processing software product designed for both life insurance carriers and producers.

The developer states that the suite has the ability to automate core insurance sales, marketing, underwriting and distribution processes, while integrating with carrier and distributor legacy systems for electronic, end-to-end processing of life and annuities policies. Specifically, the suite automates quoting, illustration, application completion and submission, requirements ordering and tracking, underwriting, and case status tracking.

According to the creator, the program can help expand production by increasing the ease of doing business with carriers, enabling carriers to pursue multiple distribution channels simultaneously, opening up new or alternative distribution channels, and making existing channels more productive.

Because its electronic application processing is designed to reduce the number of applications submitted incomplete or incorrect, the developer states that the suite can help reduce carriers' costs of sales and marketing, underwriting and issue administration, as well as reduce cycle time from application to policy issue.

Channelpoint, 10155 Westmoor Drive, Suite 210, Westminster, CO 80021. Tel: 888-454-2478 or 303-404-2022. Fax: 303-404-2262.