Transamerica Enhances Digital Final Expense Insurance Experience

Transforming Final Expense Insurance with Transamerica

The launch of the Transamerica FE Express Solution marks a significant advancement in the realm of final expense insurance, catering to both consumers and agents. This innovative offering enables applicants to navigate the process effortlessly—from obtaining a quote to policy delivery—within a remarkably short timeframe, potentially just 10 minutes.

What is the FE Express Solution?

This new solution stands out by providing guaranteed level premiums and permanent lifetime protection, with coverage amounts reaching up to $50,000 for those who qualify. According to Andrew DeMarco, head of life solutions at Transamerica, the FE Express is designed to offer everyday Americans the peace of mind that comes from obtaining insurance protection in a manner that is both efficient and budget-friendly.

A Seamless Digital Experience

The FE Express platform is intuitively designed to simplify the application process, making it easy for users to identify suitable policy options and premiums. The provisions for electronic signatures via text and email, coupled with efficient online policy management, empower consumers to manage their policies at any time.

Supporting Families with the Funeral Concierge Rider

A unique feature of the FE Express Solution is the optional Funeral Concierge Rider offered at no additional cost in collaboration with Everest Funeral Concierge. This service is available 24/7, allowing families to access trained professionals specialized in funeral planning. They provide comprehensive support, including legacy planning tools to help clients create wills and healthcare directives, stored conveniently for easy access.

Powered by Bestow Technology

The innovative technology behind the FE Express Solution is driven by Bestow, a recognized leader in life insurance technology. This collaboration ensures that both consumers and agents can benefit from a user-friendly platform that enhances the insurance experience through real-time application tracking and policy management capabilities.

Building Stronger Relationships

DeMarco emphasizes the importance of the customer-agent relationship, stating that the FE Express will empower agents to forge stronger connections with their clients. The ease of application, combined with unique benefits, positions agents to serve underserved markets effectively, which is critical in today's rapidly evolving insurance landscape.

A Comprehensive Suite of Final Expense Products

The FE Express represents the latest addition to Transamerica's diverse portfolio of final expense offerings, which also includes the Immediate Solution, 10-Pay Solution, and Easy Solution. This broad range of options ensures that customers can find the right product tailored to their specific needs.

About Transamerica

With over a century of experience, Transamerica stands as a prominent provider of life insurance, retirement, and investment solutions, serving millions across the nation. The company is dedicated to assisting individuals in maximizing their financial potential through effective saving, investing, and protection strategies. Transamerica aims to strengthen its position as a leading company in the middle market of life insurance and retirement planning, offering an extensive array of quality products including individual life policies, workplace supplemental insurance, and retirement plans.

Contributing to Client Security

In 2023, Transamerica reaffirmed its commitment to clients by distributing over $47 billion in benefits related to insurance, retirement, and annuities. The organization's headquarters is in Baltimore, with important operational centers in Cedar Rapids and Denver, enhancing its ability to serve clients nationwide.

Engaging with Additional Services

The partnership with Everest and the technology provided by Bestow enrich Transamerica's offerings, ultimately leading to better client experiences. Everest ensures that customers are fully supported during challenging times, acting as an impartial advocate throughout the funeral planning process without directly selling funeral products.

Frequently Asked Questions

What is the Transamerica FE Express Solution?

The FE Express Solution is an easy-to-use final expense insurance product that provides quick quotes and policy delivery, typically completed in about 10 minutes.

How does the Funeral Concierge Rider benefit families?

This rider offers 24/7 access to trained professionals who assist with funeral planning, ensuring families receive help during difficult times without added financial burdens.

What technology powers the FE Express Solution?

The platform is powered by Bestow, which enhances the insurance purchasing process through innovative technology and user-friendly features.

What coverage amounts are available?

Qualified applicants can receive coverage up to $50,000 through the FE Express Solution.

How long has Transamerica been in business?

Transamerica has a rich history spanning over 100 years, focusing on providing life insurance and financial solutions for individuals and families.

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