SASid Insurance Development blog
GTL… Underwriting Process Has Changed... Faster!
GTL has made recent changes in underwriting to help speed up the process of getting your clients’ insurance needs issued.
- Implemented the RX pharmacy report.
- Average underwriting time is now 3-4 days for decision.
- GTL will continue to order MIB reports upon app submission.
- If there is an MIB or Rx hit, GTL will ask client to obtain medical records
- Drawback is they are no longer paying for APS’s.
- Client is required to obtain medical records from their doctor at their own expense.
- On the upside, this has allowed GTL to underwrite more cost efficiently.
Labels: guarantee trust life, life insurance, sasid, virtual insurance
Guarantee Trust Life Highlights SASid
GTL Connect Volume 4, Number 6 January 2007Smart and simple approach to insurance.
Entrepreneurs Shannon and Shawn Kennedy are revolutionizing the way insurance is marketed, making it easier for agents to reach customers and make sales via the Internet. One of their most successful offerings is fast-issue term life insurance from GTL, which they call “the most exciting product on the market today.”
One of GTL’s most rewarding partnerships recently has been with SASid. The brainchild of brothers Shannon and Shawn Kennedy, SASid set out in 1999 to use the Internet to distribute insurance products. Today the Wisconsin-based company is at the forefront of the online insurance industry. What the Kennedys understood—and still believe—is that independent agents are always going to be an essential element in insurance sales. They decided to provide agents with Web-based tools and products that would simplify their business and make them more effective producers. The idea is paying off. What started out simply as the Kennedy brothers’ Web site is now a national company that delivers insurance products and technology solutions to more than 3,000 financial professionals, insurance agencies, employers and associations. “I expect us to double in size over the next year or so, and we’re already looking at putting up a new building that will give us room to expand,” Shannon Kennedy explained.“ We’ve put together an amazingly talented group of people who are focused on growing the company and doing what it takes to make that happen.” It might seem natural that the Kennedys would get into the insurance business, since their father owned a large firm that specialized in the small group health market. Shannon even went to work for his father after graduating from college. As he explained, however, “My brother and I have always been technology guys, whether it’s playing video games or writing computer programs. We decided we wanted to get into the technology end of the business, and our dad gave us his blessing to start SAS on the side. We found out we could be successful marketing on the Internet— selling insurance in our sleep.” The brothers complement each other, with Shawn concentrating more on the technology side and Shannon working primarily on product development and marketing. They have been known to argue, but according to Shannon, “If we stopped arguing it would probably be time to start worrying. We realized that if we’re willing to fight about something it means we’re passionate about it. We also concluded that if one of us can’t sell the other one on the idea we’re fighting about, maybe it’s not worth developing.” SASid offers a portfolio of life and health products, electronic quote and application processes, and a proprietary Back Office System (BOS) to handle customer management. SASid can even set agents up with their own Web site. All of the company’s systems are developed in-house. “We’ve become a virtual insurance company,” Shannon said.“We do everything traditional insurance companies do except manage risk. And we do it all through the Internet. We’ve become extremely efficient in using technology to handle administration. Agents who sell one policy through us are hooked.” He added, “I know from my own experience that agents hate paperwork, so we provide them with a paperless alternative. They don’t like to be involved in underwriting. We handle that through our system. As a result, agents are free to do what they do best: market, educate and inform. They can leave the rest up to us. We help them work smarter while simplifying their job. In fact these days, that’s basically what the initials SAS stand for—smart and simple.” SASid has been marketing products from GTL since 2005. The biggest seller is GTL Fast Term life insurance, which SASid describes as “the most exciting product on the market today.” Based on GTL’s Home Alliance line, it provides up to $250,000 of coverage with no medical examination. “We’ve been very selective about the products we offer and the carriers we do business with, and our relationship with GTL couldn’t have worked out better,” Shannon Kennedy said.“A lot of carriers are hesitant to market on the Internet, but GTL stepped up to the plate and said,’ Let’s do it.’ This is a different way of doing business for them and they were willing to undertake it. We really appreciate that. “The whole staff at GTL is wonderful, starting with the senior management we deal with—Rick Holson, Carl Leader and Greg Esposito. If we ever have a problem, I know I can pick up the phone and work with them to solve it.” G•T•L
Labels: gtl, guarantee trust life, insurance, insurance technology, life insurance, sasid, virtual insurance
SASid Advanced Term Life Comparison System
SASid Advanced Term Life Comparison System makes its debut. SASid Advanced Term Life System is part of SASid's new "Insurance 2.0" initiative. What differentiates SASid's Term Life comparison system from others is the use of AJAX functionality and a consumer review feature. Consumers now rate their term insurance shopping experience, and SASid then aggregates the data from all source's to present to your term life shoppers. Integrating SASid's BOS you can view every quote and application for every carrier you select to show on your term life shopping system.
Click here to set up an Advanced Term Life System demo, and learn how to sell at least 20% more business. SASid is a leader in Online Insurance Technology, now offering ten fully online insurance products. Insurance agents, associations and employers can offer all our products to their customers/members/employees free by just implementing a simple web link into their website or email.
Labels: insurance technology, life insurance, sasid, virtual insurance
GTL Simple Whole Life Insurance
SASid recently launched an Online Whole Life Insurance quoting and application system. Up to age 85 years of age. $3000 - $50,000 of coverage.
GTL Simple Whole Life Insurance SASid is excited to offer this exciting sales opportunity.
SASid is a leader in Online Insurance Technology, now offering ten fully online insurance products. Insurance agents, associations and employers can offer all our products to their customers/members/employees free by just implementing a simple web link into their website or email.
Labels: gtl, guarantee trust life, insurance, insurance technology, life insurance, sasid, virtual insurance
SASid Develops GreatStartInsurance.com Site for Guarantee Trust Life Insurance
Geatstartinsurance.com lets you purchase guarantee cash value life insurance for your child or grandchild for as little as $2.64 a month
Janesville, WI - May 16, 2006 - SASid Insurance Development, leaders in the development of customized platforms for online insurance products, announces the launch of GreatStart® Insurance, a new juvenile life insurance product for Guarantee Trust Life Insurance Company.
“The GreatStart® plan guarantees your children or grandchildren three things: guaranteed cash value to build on, a low rate for the rest of their lives and their future insurability,” according to Brian Emmett, Manager of Guarantee Trust Life. “Once your child is insured, as long as premiums are paid, that policy is guaranteed renewable for life and requires no medical exam. The availability, features and options of this plan may vary by state,” he added.
“The GreatStart® Plan you begin today will become the foundation for a lifetime of irreplaceable low-cost life insurance protection,” said Brian. “For example, fast forward to a time in the future when you son or daughter is married and wants additional life insurance to protect their growing family. The GreatStart® policy that you purchase now will allow them to increase their coverage by $30,000 regardless of their future health or occupation.”
“We continue to see online purchases as a growth area for life insurance products,” commented Shannon Kennedy, co-founder of SASid. “With a secure online site, not only can potential customers access all of the information they need to make an informed decision, they can also make their purchase quickly, conveniently and with confidence.”
About SASid
SASid, a leader in marketing insurance on the web, develops technologies and online marketing solutions for top insurance carriers and nationwide distribution networks. SASid was founded in 1999 by insurance professionals who have a passion to make insurance simpler and more accessible. To find out more about the company, visit
www.SASid.com.
About Guarantee Trust Life Insurance Company
Founded in 1936, Guarantee Trust Life Insurance is a family owned and operated company that has benefited from the ongoing direction of the Holson family. This consistent top-level leadership and management continuity give the company a clear view of who it is and where it’s going. Today, Guarantee Trust Life Insurance Company insures more than 1.2 million individuals and has over $2 billion life insurance in force. For more information on our company visit
www.gtlic.com or go to
www.greatstartinsurance.com for specific information on The GreatStart® Plan.
Media Contact:
Dot Anderson
972-978-5057
Labels: gtl, guarantee trust life, insurance, insurance technology, life insurance, sasid, virtual insurance
GTL Life Insurance $250,000 No Medical Exam Available to Agents
It's amazing how easy it is to get life insurance online now. The insurance companies run all the reports in less than a couple days and BOOM! Your coverage is approved. I remember offering it to an customers at an agency I used to work for. First we would need to get all their information, calculate the rates (by hand) and then have them come in and sign the application, take a paramedic exam, and then wait 6 weeks or longer for them to be approved or declined.
It is so simple now! All you need to do is submit the app online and in a matter of a day or two, you can have life insurance coverage "with no exam". It's so cool. It's never been easier and alot of agents are catching on to this. No more visits to their customer's home in the day or evening. All you need is an email address and internet access which almost everyone has nowadays. Visit: www.gtllifeinsurance.com and you can get an instant quote and if you like it, apply online now!
Labels: gtl, guarantee trust life, insurance, insurance technology, life insurance, sasid, virtual insurance
I was reading my copy of Life Insurance Selling magazine and noticed about 5 non-medical exam life insurance products. I found myself thinking, what is the real difference in these products?
- They all offer up to $250,000 in Life Coverage.
- They all have quick turn around times in underwriting.
- They all have rates within 10% of one another.
- They all pay good commissions.
- They all have good service.
Why would a good agent sell these companies verses our GTL Product?
- They enjoy filling out paper applications?
- Their comfort level with a fax machine?
- Their relationship with their MGA?
- Sales System?
We have recently launched www.GTLLifeInsurance.com
Benefits of the GTL product include:
- Every agent gets a free weblink to online quote and application system.
- No paper applications
- All cases reviewed next business day
- Business Issued in as little as 1 day.
- 1st commission on new business paid weekly
- Advancing available.
Go ahead and sign up for licensing here, get a policy on yourself, get paid the following week.
Once you sell life business this way you will never, fill out paper apps again.
Labels: insurance technology, life insurance, sasid, virtual insurance
We sold 130+ Jefferson Term Life Applications in our first month. Not bad, but we can do
better.
Our dad's career began selling life insurance in 1967, door to door. I think
he sold 4 applications in his first month of business. I also think two of
those sales were to his mother, our grandmother. He was raised in the "Old School" life insurance system, where applications we taken on paper, and you did not have a policy for several weeks.
"Welcome to the New School" Applications are completed online, policies are instantly approved and delivered electronically. What previously took 3 weeks now takes seconds.
Jefferson National Life Insurance Company - Simple Term: is the most
revolutionary product on the market today. Where else can you provide a quote, application, and online e-signature within minutes. 100% commission paid weekly. 3 Simple ways to sell: Online SAS system, Login into Jefferson National and complete online application, or the easy faxable application. Up to $250,000 of coverage.
By the way, we still pay agents full commissions.(100% first years premium)
There still is some "Old School" left in us.
Click here to get licensed with Jefferson National
Dan Kennedy later became a "GREAT" life insurance salesman making the
Million Dollar Round Table Annually for 12 plus years.
Labels: insurance technology, life insurance, sasid, virtual insurance
