Over 50 million US households today don’t have life insurance at all, or they don’t have enough life insurance. This market consists of people that typically have modest insurance needs and would benefit from having even a moderate amount of coverage, such as $100,000 to $500,000.
However, accessing these consumers through outdated methods, offering offering "cobbled-together" partial solutions and using manual underwriting processes with full medical exams & fluids is simply not economic for Agents. This is one of the key reasons the life insurance industry has found this market to be so difficult to reach.
eLife was established with a specific purpose in mind; to assist insurance companies to access the middle market profitably while at the same time, providing Agents with the tools they need to sell life insurance cost effectively.
We achieve this using our highly automated distribution platform, which brings together the benefits of electronic underwriting and Straight-Through Processing. That means that moderately priced, Non-med Term Life policies can be sold 100% online. From start to finish including e-Policy Delivery to the policyholder in as little as 20 minutes. Paperless, simple, and economic.
So, if you’re an executive of a life insurance company looking for opportunities to sell Term Life insurance to that untapped middle market, or if you head up an Insurance Sales Organization (Brokerage, Call Center, Insurance Marketer, etc.) looking for cutting-edge, Non-Med Term Life products that your Agents will be motivated to sell, then read on.
Or if you like, just contact us.
The eLife team is made up of talented and resourceful industry experts with decades of experience and a global footprint spanning four continents.
Our professional expertise covers:
Combining and leveraging our expertise across the "Life Insurance" and "Technology" verticals has enabled us to develop our cutting-edge eLife Platform, which is designed to transform the way life insurance is sold and bought.
Our unique point of difference is our automated online delivery capability, which brings together electronic underwriting and Straight-Through-Processing to enable real-time assessment and decision-making on life insurance applications.
Our innovative platform boasts a vastly improved online user experience for insurance Agents, where every step is automated and paper is eliminated. Using the eLife Platform, an application for life insurance can be completed and a policy issued online in as little as 20 minutes.
The eLife Platform’ is a powerful "next-generation" online system designed specifically for selling Non-Med Term Life products quickly, easily, paperlessly, and economically. With the eLife Platform, you can purchase a policy in as little as 20 minutes. And when you’re finished… you’re done. The policy is instantly downloaded, and you’re covered.
To achieve this, our platform combines the benefits of electronic underwriting and Straight-Through-Processing together with many years of our collective expertise and experience.
The eLife platform features:
Contact us for more information on the eLife Platform
We partner with life insurance companies seeking to grow their business through the sale of Non-Medically Underwritten Life products. We offer these insurance companies some or all of the following range of services and benefits including:
Life Insurance Distributors and Agencies
We offer Agencies access to competitive Non-med Term Life products via our online eLife Platform. We provide a range of services to all Distributors to ensure that their Agents are trained, highly motivated, and well supported. Once sales have commenced, we provide online access to exceptional production reporting and data analytics.
For more information on partnering with eLife, please contact us.
Our product, available via the eLife Platform, is called eLife Express.
eLife Express is a Non-Medically Underwritten Term Life program.
In a nutshell;
Click here for the eLife Express Product Guide.