Policygenius and CBIZ have partnered to bring Policygenius Pro, a term life fulfillment platform, to CBIZ’s network of insurance professionals.
Policygenius Pro is a turnkey partnerships platform that helps advisors accelerate and streamline life insurance sales.
The tool helps advisors to refer their clients to Policygenius to take them through the process, from finalising policy selection to placing coverage in-force.
According to Policygenius, the partnership will enable CBIZ to expand its term life insurance offerings by giving their clients access to Policygenius’ wide variety of insurers and policy options, including accelerated underwriting offerings exclusively available on the Policygenius platform.
CBIZ plans to harness Policygenius’ services for term life cases that are a great match for these services, enabling them to better focus on other goals.
Policygenius said this will ultimately provide clients with the best service possible, while also helping CBIZ save time and make their term life production more profitable.
Anne Long, RICP and President of Life Insurance Solutions at CBIZ, said, “Policygenius Pro gives us a way to both expand and streamline our term life production. We trust Policygenius Pro to provide top-tier service to our clients while also empowering our agents to have more thorough and holistic conversations about life insurance.”
Earlier this year, Policygenius and Barnum Financial Group, in conjunction with Risk and Insurance Associates (RIA), expanded their partnership to serve the term life insurance market.
The company also partnered with Impact Partnership in June, to simplify and streamline term life insurance for Impact’s advisors and clients. A month later, the company also partnered with Facet Wealth, a FinTech company offering unbiased, personalised advice that “integrates into every facet of life.”
To date, Policygenius said Policygenius Pro has helped partners cut placement times by half, on average, and reduced the average time an advisor spends on an application from 2.5 hours to 15-20 minutes.
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