Hexure, a provider of sales and regulatory automation solutions for the life and annuity industry, announced that Protective Life Insurance Company (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), has selected FireLight to support digital sales and submission processes for its new advisory variable universal life (VUL) product, Protective Investors Benefit Advisory VUL.

“FireLight has emerged as the platform of choice for OIDs (outsourced insurance desks) focused on the fee-based annuity market,” said Chad Nulty, VP of Business Development for Protective’s RIA Insurance. “As we build a new market for advisory life insurance, it made perfect sense for Protective to collaborate with Hexure for our fee-based advisory VUL offering as well.”

With their RIA distributors already using FireLight, Protective saw the value in expanding its FireLight experience to include life products. By using FireLight for both life and annuity products, the carrier is making it easy for their distributors to access and submit business using a workflow they are already familiar with. Plus, Protective can leverage its existing FireLight integration, saving time and effort when distributing new products. Using a straightforward wizard e-ticket process, financial professionals can capture the necessary data and signatures, and submit drop tickets to Protective for an expedited, simple and in-good-order sales experience.

“Protective has been a longstanding, valued client, and we are delighted to expand our business relationship, providing additional support for Protective’s digital and sales strategies as they introduce new and innovative products to the market,” said Hexure’s Chief Sales Officer, Jaci Miller. “FireLight offers clients like Protective the functionality and flexibility needed to scale alongside product innovations and meet the ever-growing need for sales and operational efficiencies, speed to market and the delivery of accelerated and enhanced digital sales experiences. We are thrilled to be a part of the solution that helps Protective get more insurance solutions in the hands of consumers faster and grow its sales.”

To learn more about this product or for outsourced insurance desks to access this new fee-based VUL, visit www.protective.com/advisory.

FireLight e-application, a sales component of the FireLight end-to-end sales platform, provides the flexibility and administrative tools to support Protective’s growing life business. FireLight enables the carrier to provide full e-application and simplified e-ticket processes to align with its expanding product and distribution needs, while delivering enhanced and accelerated digital sales experiences that meet today’s agent and consumer expectations.

Protective Investors Benefit Advisory VUL issued on policy form VUL-15 9-19 and state variations in all states except New York by Protective Life Insurance Company, Nashville, TN. Variable products distributed by broker-dealer/affiliate Investment Distributors, Inc., Birmingham, AL.

Investors should carefully consider the investment objectives, risks, charges and expenses of Protective Investors Benefit Advisory VUL and its underlying investment options before investing. This and other information is contained in the prospectus for Protective Investors Benefit Advisory VUL and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting Protective at 800-456-6330.

Protective has helped people achieve protection and security in their lives for 117 years. Through its subsidiaries, Protective offers life insurance, annuity and asset protection solutions and is helping more than 14.4 million people protect what matters most. Protective’s more than 3,800 employees put people first and deliver on the company’s promises to customers, partners, colleagues and communities–because we’re all protectors. With a long-term focus, financial stability and commitment to doing the right thing, Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), has $118 billion in assets, as of Dec. 31, 2023. Protective is headquartered in Birmingham, Alabama, and supported by a robust virtual workforce and core sites in the greater Cincinnati area and St. Louis. For more information about Protective, visit www.protective.com.

Founded in 1995, Hexure provides digital sales solutions to the insurance and financial services industry across various lines of life insurance, annuities, retirement, and wealth management products. Carriers and distributors use its solutions to build customer-centric sales experiences, accelerate submissions, reduce paper processes, meet regulatory requirements, and improve in-good-order sales.

Hexure, a provider of sales and regulatory automation solutions for the life and annuity industry, in tandem with Legal & General America (LGA), one of the nation’s leading term life insurance providers and part of Legal & General Group plc, introduced a new solution to help simplify the term life insurance purchase journey for distributors, advisors and clients.

“Legal & General America is committed to helping close the individual life insurance gap in the U.S. through easy, quick and affordable term life insurance options,” said Mark Holweger, chief executive officer for LGA. “We’re pleased to partner with Hexure on a solution that makes term life insurance much more accessible to advisors and their clients, through a fast, seamless experience.”

By implementing e-tickets within the Hexure solution, advisors can now quote a term life insurance product and then submit an e-ticket within the same platform. This streamlined process makes it easier for advisors to submit e-tickets promptly after quoting without having to navigate between different platforms. The e-ticket is then sent directly to LGA’s digital platform, kicking off the application process without additional steps.

“We’re thrilled to work with LGA in revolutionizing life sales by providing digital and connected sales solutions that enable advisors to secure their clients’ term life insurance coverage efficiently,” said Jaci Miller, chief sales officer at Hexure. “At Hexure, we are dedicated to developing solutions that make the life insurance sales journey as streamlined and efficient as possible. By adding e-tickets to the Hexure platform, LGA will empower advisors with a better client experience that includes a seamless journey from quoting to policy issuance–getting more products in the hands of clients that need them.”

LGA sees consistent quoting activity for its products on the Hexure platform. By seamlessly integrating e-tickets into the process, they are taking a significant step towards enhancing connectivity and influencing more sales opportunities.

To start quoting products and submitting e-tickets to Legal & General America through the Hexure platform, contact your firm’s home office or contact Hexure at info@hexure.com.

LGA, (part of Legal & General Group, one of the world’s leading financial services companies) is one of the nation’s leading term life insurers, and number three in term life insurance sales in the United States (LIMRA Q3 2023 report). LGA’s insurance products are sold nationwide through its companies Banner Life Insurance Company in 49 states and D.C. and William Penn Life Insurance Company of New York in New York. LGA has an A.M. Best rating of A+ (Superior) – 2nd highest out of 15 categories and AA- from Standard & Poor’s (Very Strong capacity to meet financial commitments). Ratings are as of November 3, 2022, and apply to Legal & General America Group and its subsidiaries Banner Life Insurance Company and William Penn Life Insurance Company of New York. All ratings are subject to change. For more information about Legal & General America, visit www.lgamerica.com.

Founded in 1995, Hexure provides digital sales solutions to the insurance and financial services industry across various lines of life insurance, annuities, retirement, and wealth management products. Carriers and distributors use its solutions to build customer-centric sales experiences, accelerate submissions, reduce paper processes, meet regulatory requirements, and improve in-good-order sales.

Hexure, a provider of sales and regulatory automation solutions for the life and annuity industry, announced today a partnership with SuranceBay, an insurance technology provider of contracting and compliance software that automates various aspects of the producer-distributor-carrier relationship. This collaboration streamlines the can-sell verification process while also enhancing in-good-order (IGO) life and annuity business transactions through the integration of Hexure’s FireLight platform and SuranceBay’s SureLC™ solution.

“Missing licensing, appointment, and product training are primary contributors to NIGOs and present significant challenges within our industry,” said Kevin Pohmer, chief product officer for Hexure. “Partnering with SuranceBay enables us to provide tools within FireLight that not only verify eligibility to sell but also provide just-in-time functionality to address requirements. This empowers advisors to confidently proceed with sales, assured that they will be in good order.”

The FireLight and SureLC integration significantly reduces not-in-good-order (NIGO) submissions due to missing advisor requirements, such as licensing, carrier appointments or product training. This integration eliminates the need for navigating between systems to verify eligibility or to complete missing requirements before moving forward with the application submission, thus driving sales efficiency and better experiences for the client.

“Everyone involved in the purchase and sale of financial products benefits when surprise roadblocks are prevented. SuranceBay has been providing online contracting and licensing solutions for many years, and we’re thrilled to be partnering with Hexure to extend the reach of our compliance monitoring to the point of sale so producers and distributors can avoid delays and place business more quickly and confidently,” said Mike Abrahamson, director of Client Relations and senior business analyst for SuranceBay.

Hexure clients who use SuranceBay can easily activate the SureLC integration by implementing a SuranceBay authentication token within the FireLight admin tool, quickly enabling can-sell checks for their advisors directly within FireLight.

Hexure, a leading provider of sales and regulatory automation solutions for the life and annuity industry, announced that it has been selected as the winner of the “Best Point of Sale Company” award in the 8th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.

“Hexure technology amplifies the strengths of any sales team and converts challenges into success with a modern solution that removes bottlenecks and improves client experience. Even today, sales processes, data and experience are often disconnected; many applications are still done on paper; and advisors have to spend valuable time processing when there is a better, faster way,” said Steve Johansson, managing director, FinTech Breakthrough. “Hexure’s platform creates an efficient and modern digital process that ends system fragmentation and streamlines sales, helping to get more products into the hands of the consumers who need them. We are thrilled to recognize Hexure’s breakthrough innovation in our 2024 FinTech Breakthrough Awards program.”

The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more.

“At Hexure, we are committed to ongoing advancement and continually enhancing our solutions to propel our industry forward. By staying at the forefront of innovation and providing robust sales automation solutions, we best support our carrier and distributor clients in achieving their digital experience and sales strategies,” said Laird Rixford, CEO of Hexure. “Our focus has always been to transform the insurance and financial services industry through powerful end-to-end sales solutions. We are honored to receive this FinTech Breakthrough award and be recognized by the industry for our innovation and leadership.”

Carriers and distributors use Hexure’s end-to-end sales automation platform, from pre-sale activities, quoting and illustrations to e-application, e-delivery and post-issue services, to build customer-centric sales experiences, accelerate submissions, eliminate paper processes, meet regulatory requirements, drive sales and operational efficiencies, and improve in-good-order sales. Hexure provides the connectivity rails to link distributors and carriers—connecting data, processes, and experiences across the entire sales lifecycle for various lines of insurance, retirement and wealth management business.

Hexure is the provider of FireLight end-to-end sales platform, ForeSight illustrations, agency life quoter and the Vive term life quote-to-apply solution.

Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

Founded in 1995, Hexure provides digital sales solutions to the insurance and financial services industry across various lines of life insurance, annuities, retirement, and wealth management products. Carriers and distributors use its solutions to build customer-centric sales experiences, accelerate submissions, reduce paper processes, meet regulatory requirements, and improve in-good-order sales. For more information visit hexure.com.

UnderwriteMe, a leading provider of risk automation and marketplace solutions, is pleased to announce a collaboration with ExamOne, a Quest Diagnostics (NYSE: DGX) company, to offer life insurance carriers across the United States a new underwriting assessment engine powered by real-time data insights.

By leveraging both UnderwriteMe’s versatile Underwriting Engine and ExamOne’s leading suite of health data solutions, the companies now jointly offer a strategic solution for carriers and underwriters with a goal of improving straight-through processing rates and empowering underwriters with more efficient tools for confident risk assessment. The consumer-centric experience is available for insurance carriers today.

Real-time and seamless recommendations
“Clients today expect the application process to be seamless and on par with the on-demand experiences they are accustomed to,” said Brett Laker, head of North America, UnderwriteMe. “Together with ExamOne, we can offer carriers real-time access to decision-making, powered by insight from data products combined with comprehensive rules.”

UnderwriteMe’s engine interprets data authorized by life insurance applicants and collected by ExamOne to deliver a risk-based assessment to insurers. By clearly explaining contributing factors defined in the data and applying a debit and credit classification, the joint solution enables insurers to evaluate an individual’s insurance risk based on various data sources.

The powerful combination of ExamOne and UnderwriteMe creates:

• Unmatched analysis resulting from ExamOne’s comprehensive and unique data sources
• Customizable and flexible rule sets
• Explainability of the decision established from contributing factors
• Robust decision recommendations based on a debit and credit classification
• Seamless adoption that easily fits into underwriting workflows
• Streamlined and faster data for a more automated flow

“There is a growing demand for agile and straight-through automated processes in the life insurance industry. This tool analyzes unique data—including LabPiQtureTM (laboratory data and clinical data), ScriptCheck^® (prescription data), electronic health records, medical claims, and oral health indicators—and delivers an assessment in a clearly explained format,” said Keith Ward, president and general manager of ExamOne at Quest Diagnostics. “Our team is here to work with you to rapidly amend or create new rules based on the insights you need to make confident decisions.”

The use and disclosure of PHI is in accordance with HIPAA and is compliant with life insurance industry regulatory requirements.

UnderwriteMe, a leading provider of risk automation and marketplace solutions, is focused on accelerating the underwriting journey and improving the life insurance application process. With our award winning solutions, the UnderwriteMe Decision Platform and Protection Platform, they empower partners to transform life markets and close the protection gap. Founded in 2012 in the UK, the company has grown to be a leading insuretech provider with 1,000,000+ policies activated, 1,000+ distribution partners, and 31 global implementations spanning 12 countries. UnderwriteMe is proud to be trusted by insurance industry leaders including eight companies listed in the Fortune 500 or Forbes Global 2000. To learn more visit http://underwriteme.us.

ExamOne, a Quest Diagnostics company, is committed to empowering decisions with health-based insights and providing consumers with innovative solutions that enhance the application process. Through convenient, customizable personal history options, national specimen collection capabilities, as well as instant retrieval of historical health data, they provide quick and reliable insights for life insurers.

iPipeline^® announces a partnership which will help AuguStarSM Life to accelerate and strengthen its digital transformation with innovative solutions from iPipeline that are designed to improve the agent experience.

These solutions will automate and simplify the application process while providing agents with instant quotes and illustrations, all to increase speed and efficiency, helping AuguStar Life expand its third-party distribution footprint.

Effective immediately, AuguStar Life’s top-tier product, Virtus IUL II, is now available on the following iPipeline solutions (AuguStar Life’s indexed whole life product will follow shortly):

• iGO^®, one of the industry’s leading intelligent digital e-Application solutions that can be accessed on any device, at any time, and from anywhere, making the application process faster, more efficient, and ensures 100 percent of e-Apps are “in good order.”
• iSolve^®, iPipeline’s one-stop illustration solution that provides access to illustrations across multiple scenarios and provides product comparisons, as well as personalized, customizable, and compliant illustrations.

This partnership supports AuguStar Life’s strategic commitment and recent expansion into the brokerage channel. AuguStar Life is a Constellation Insurance Inc. company.

“Both iPipeline and AuguStar Life have a strong heritage and each is well respected in the industry. We both share the same goal, which is to help financial professionals in their quest to secure a financial future for more people,” said Bill Hunter, senior vice president of Sales for iPipeline. “This opportunity will enable us to expand our portfolio of solutions within the industry. We are thrilled that AuguStar Life chose us as their trusted partner–and we’re looking forward to helping them expand and grow in the brokerage space.”

“As a premier end-to-end solution for our brokerage partners, the iPipeline platform is one we’ve had our sights on since launching into the independent brokerage channels with our top-tier accumulation-based IUL, Virtus IUL II,” added Therese Rothenberger, vice president and co-chief distribution and sales officer, IMO, at AuguStar Life. “We’re excited about this partnership and where it will help to take us. Our enhanced brand is about being more approachable and easier to do business with, and this is a giant step in that direction. Agents will now have the technology and tools they want, connecting them seamlessly to our high-quality life insurance products so that they can quickly and easily connect with their clients—and grow their business.”

To learn more about how iPipeline can simplify business processes and experiences for insurance agents, BGAs, and customers, please visit its redesigned and enhanced website: https://ipipeline.com/solutions/lifeannuities/.

iPipeline is a leading global provider of comprehensive and integrated digital solutions for the life insurance and financial services industries in North America, and life insurance and pensions industries in the UK. iPipeline couples one of the most expansive digital and automated platforms with one of the industry’s largest data libraries to accelerate, automate, and simplify various applications, processes, and workflows–from quote to commission–with seamless integration. The company’s vision is to help everyone achieve lasting financial security by delivering innovative solutions that connect, simplify, and transform the industry.

Since its establishment in 1995, iPipeline has helped protect more than 49 million people, and today is trusted around the world by more than 100 insurance carriers, and providers, and more than 2,500 broker-dealers, financial institutions, brokerage general agencies (BGAs), independent marketing organizations (IMOs), and managing general agents (MGAs). Connected to more than 500,000 agents and advisors, the company collected more than $33 billion in premium in life insurance and $55 billion in annuities in 2022. iPipeline operates as a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the S&P 500® and Fortune 1000® indices. For more information, please visit https://ipipeline.com and select your country of origin.

Hexure, a provider of sales and regulatory automation solutions for the life and annuity industry, announced its new visualizations tool, an interactive graphical product presentation solution. Visualizations turn complex illustrations into an interactive, easy-to-understand graphical experience for advisors to better educate and assist clients in choosing the right product for their needs.

“At Hexure, our commitment to ongoing innovation is at the core of everything we do. We constantly strive to develop new solutions and enhance our solutions that propel our industry forward and make the selling and buying experience better for both advisors and consumers,” said Hexure’s Chief Product Officer, Kevin Pohmer. “With the introduction of product visualizations, we are bringing product illustrations to life. We are simplifying the annuity product story and equipping advisors with the tools to compare and present complex product details and features. This easy and digestible way will better inform buyers of the product in an enhanced and compliant buying experience.”

The new visualizations tool enables advisors to quickly filter products and easily analyze annual premiums, cumulative premiums, account value, and cash surrender value for individual or product comparison scenarios. With interactive graphs and dynamic proposals, advisors can better explain product features and benefits to the clients, making it easier for clients to make informed buying decisions, which leads to increased client satisfaction and improved suitable sales.

“Visualizations make the product story easy to tell and understand, providing advisors with a seamless navigation to the next step in the sales journey,” said Jaci Miller, chief sales officer, Hexure. “This tool expands our end-to-end sales automation platform. It will offer our clients access to more sales activities within a single platform and a cohesive experience. We are excited to provide added sales tools to help advisors visually represent products and better educate clients for effective and compliant sales processes.”

The visualizations solution connects proposals to other FireLight sales activities for seamless transitions and data flow.

Founded in 1995, Hexure provides digital sales solutions to the insurance and financial services industry across various lines of life insurance, annuities, retirement, and wealth management products. Carriers and distributors use its solutions to build customer-centric sales experiences, accelerate submissions, reduce paper processes, meet regulatory requirements, and improve in-good-order sales. For more information visit http://hexure.com.