Genworth Financial has launched an eSuite of new business tools, designed to simplify and expedite new long-term care insurance applications and increase producer efficiency.
The electronic process reduces time from application signature to policy in-force date by almost three weeks, the company said.
The system includes
- eApp, an interactive tool that guides producers through the application, ensuring they answer exactly what is needed before they complete the sale.
- eSignature
- eScheduling
- ePolicy delivery, which gives clients the opportunity to review and approve their policy electronically.
“The eSuite of new business tools illustrates Genworth’s continued efforts to transform the long-term care insurance sales process by providing a new level of speed, accuracy and convenience,” said David O’Leary, president and CEO of Genworth’s US Life Insurance division. “Simplifying and streamlining the policy application process is an important part of our efforts to make long-term care insurance more accessible to customers and getting them covered faster.”
