National Western Life Insurance, an Austin, Texas-based provider of individual universal life, whole life and term insurance plans, annuity products, and investment contracts, launched the iGO e-App for its life and annuity products on a global scale. The technology deal between National Western Life and iPipeline, an Exton, Pa.-based provider of on-demand software, makes it possible for iGo users to take advantage of intelligent fillable forms designed to simplify and accelerate the marketing, selling and processing of insurance applications.
By submitting 100% in Good Order applications and using e-Signature and e-Submission, global producers contribute to substantial reductions in cycle time and drive placement ratio lift. iGO is built on the Microsoft .Net Framework in a cloud computing environment.
"National Western Life's global go-live event marks a critical milestone in iPipeline's evolution as a company,” says Tim Wallace, CEO, iPipeline. “The ability to make their life and annuity products rapidly and easily accessible to producers in North America, Central and South America, the Caribbean and soon after the Pacific Rim speaks to the ubiquity and power of our on-demand Velocity Platform."
National Western Life SVP/CAO Mike Hydanus noted that the deal will help deliver the ease-of-use and accelerated processing power required by the insurer’s global producers.
“Despite the continuing pressures of the economy, we see the value in making strategic investments to better connect producers with their distributors and us. This go live will positively transform the way National Western Life accepts applications and issues policies," he said.
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