National Western Life Insurance Co. has selected LifeApply electronic application as its solution across all distribution channels. LifeApply is a product of StoneRiver, an insurance technology company.
StoneRiver says the LifeApply solution was chosen for its capabilities, cost of ownership and hosting options. Anticipated benefits from LifeApply include a reduction in policy submission and issuance costs; improved speed to market; National Western Life’s role in configuration; multiple connection and device options; multiple language capabilities; and an enhanced feature and functionality set for agents.
LifeApply is geared toward helping carriers address critical business drivers like decreasing time to issue and reducing policy acquisition costs.
