Transforming the Order Entry Process with iPipeline
Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. and a well-respected name in the insurance industry, has formed a strategic alliance with iPipeline, a leading provider of digital solutions for life insurance and wealth management. This collaboration aims to improve the productivity of financial professionals through digital transformation by streamlining the order entry process.
Enhancing Financial Documentation Efficiency
The partnership introduces iPipeline's Laser App solution to Protective’s network of advisors. This state-of-the-art financial forms automation tool offers financial professionals access to a central platform that boasts an extensive library of over 33,000 intelligent and current forms. By automating financial documentation, Protective Life aims to significantly reduce the time spent on manual data entry by up to 80%. As a result, financial professionals can now enjoy a more rapid and efficient sales experience.
Easily Accessible Financial Products
This collaboration also opens up access to Protective’s wide range of financial products for iPipeline’s expansive network of over 100,000 advisors. This access includes the recently enhanced Protective Aspirations variable annuity, offering a smoother process for completing digital forms. This streamlined method not only makes conducting business with Protective simpler but also enhances the clients' experience.
Streamlining Legal Documentation with E-Signatures
Moreover, the integration of e-signature technology within this partnership promises to simplify legal documentation. By enabling financial professionals to utilize these digital signatures, Protective Life aims to aid in fulfilling clients' retirement planning needs effectively. This innovative approach enhances automation and the overall client experience.
Quotes from Leadership
James Wagner, Senior Vice President and Chief Distribution Officer at Protective, expressed his enthusiasm for the collaboration, stating, "We are proud to transform our manual workflows into streamlined processes that provide advisors with seamless business interactions. Integrating iPipeline’s technology was a natural progression as many financial professionals trust Laser App. We are committed to offering them the productive and simple solutions they requested for order processing in the life insurance and annuity sectors."
Pat O’Donnell, Chief Executive Officer at iPipeline, added, "We are excited to deepen our relationship with Protective. Our shared goal is to assist the life and annuities industry in realizing the full potential of digital transformation. Today, providing a streamlined, digital experience is essential for success. Laser App allows advisors to pre-fill forms, enhancing operational efficiency and enabling them to focus more on serving clients rather than getting bogged down by paperwork."
About iPipeline
Founded in 1995, iPipeline has become a trusted name in the life insurance and financial services industries across North America, and pensions in the UK. Their extensive digital platform simplifies the complete workflow, from generating quotes to managing commissions. iPipeline is dedicated to helping individuals achieve financial security and improving the industry through innovative solutions that enhance the service experience.
About Protective Life Corporation
For over a century, Protective has been dedicated to providing crucial financial protection and security to individuals and families. Through various insurance products, annuities, and employee benefits, Protective serves over 16.4 million clients, emphasizing its commitment to protecting what truly matters in life.
With a workforce exceeding 3,800 employees, Protective Life believes in putting people first, delivering on its promises in every aspect, from customer service to community involvement. As of the end of 2023, Protective Life Corporation remains financially robust, managing assets worth $118 billion. Headquartered in Birmingham, Alabama, Protective also operates core offices across regions.
Frequently Asked Questions
What is the significance of the partnership between Protective and iPipeline?
The partnership enhances the efficiency of the order entry process for financial professionals, integrating advanced digital solutions to streamline documentation.
How many financial professionals does iPipeline serve?
iPipeline serves an extensive network of over 100,000 financial professionals, providing them access to various financial products.
What benefits does the Laser App solution offer to Protective Life's network?
Laser App provides a vast library of over 33,000 forms, automating data entry and drastically reducing manual workloads to enhance efficiency.
How has Protective Life improved client interactions?
By integrating digital solutions and e-signature capabilities, Protective Life has streamlined client interactions, enhancing their overall experience.
What is Protective Life's mission?
Protective Life's mission is to help individuals achieve financial security through various protection solutions while maintaining a commitment to quality service and community involvement.
