MetLife Inc. announced the launch of a proprietary individual life insurance field underwriting tool, MetLife QuickPredict, to help financial professionals improve their clients’ service experience.

A rules-based tool, MetLife QuickPredict estimates a client’s likely rating class in a simple-to-use online format, viewable on computer, tablet or smartphone. It allows financial professionals to provide more accurate policy premium estimates.

“With MetLife QuickPredict, someone can leave my office with the knowledge that we’ve provided a more accurate estimate of the underwriting class for their life insurance policy,” said Susan Maginn Christ, financial representative at Maginn Wealth Advisors, part of the MetLife Premier Client Group.

“One of the most frustrating things for life-insurance applicants is hearing back weeks later from a financial professional or insurance company underwriting department that the policy they have applied for will cost them more than they thought,” Christ said. “It helps to build our credibility as financial professionals when we are able to estimate a more appropriate rate.”

MetLife QuickPredict takes into account those lifestyle and health-related factors that have the greatest bearing on rating class. Financial representatives lead clients through a short series of questions. If the client gives an answer that likely would prevent a preferred or better rating class, the tool indicates that a better rating class is likely not possible.

If the client doesn’t give an answer that would prevent a better rating class, the tool identifies the possible rating class at the end of the questions, without a user needing to enter the applicant’s name or any identifying personal information.

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