Afficiency and Western & Southern Crew with ConsumerOptix to Combine Revenue Safety Insurance coverage

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ConsumerOptix integrates IncomeSense to empower brokers with digital declining time period life insurance coverage product

NEW YORK, NY / ACCESSWIRE / January 19, 2023 / Afficiency, an insurtech reworking the end-to-end life insurance coverage shopping for course of, and Cincinnati-based Western & Southern Monetary Group, a Fortune 400 monetary companies agency, at this time introduced a brand new integration with ConsumerOptix. The collaboration permits ConsumerOptix to embed IncomeSense, an revenue safety life insurance coverage answer developed by Afficiency and Western & Southern, into the distribution platforms ConsumerOptix develops for its purchasers.

Afficiency, Thursday, January 19, 2023, Press release picture

Afficiency, Thursday, January 19, 2023, Press launch image

ConsumerOptix is a expertise platform that leverages AI and psychographics to boost and simplify the life insurance coverage course of for shoppers. The insurtech helps brokers and different distributors to digitize their companies, equipping them with brandable, turnkey web sites and the assets they should spotlight the advantages of life insurance coverage and streamline the act of buying life insurance coverage.

“ConsumerOptix is enthusiastic about speaking the worth of life insurance coverage and delivering tailor-made options that allow brokers to drive engagement, schooling, and enrollment amongst their purchasers,” stated Mark Scafaro, CEO of Afficiency. “Aligned in closing the life insurance coverage safety hole, we’re proud to supply the expertise plug-ins that permit ConsumerOptix to leverage this product.”

IncomeSense is a declining time period life insurance coverage answer that gives a month-to-month revenue stream to beneficiaries to assist substitute misplaced revenue within the occasion of a wage earner’s demise. With no medical examination required, it’s a easy, quick and digital answer that may assist households protect their lifestyle even when the unthinkable occurs.

“At Western & Southern, our aim is to shut the safety hole with distinctive consumer-focused options. In pursuit of this aim, we’re lucky to collaborate with progressive companies like Afficiency and ConsumerOptix, to develop compelling, digital-first experiences,” stated Ben Fotsch, Vice President of Digital Buyer Acquisition at Western & Southern Monetary Group.

“Throughout the business as a complete, there exists an enormous alternative to higher clarify the advantages of life insurance coverage and make it much more accessible,” stated James O’Hara, CEO and Co-Founding father of ConsumerOptix. “We’re thrilled to supply an amazing answer, IncomeSense, from Western & Southern, one of many strongest life insurance coverage teams on the earth. It has additionally been a privilege to work with Afficiency, who made the combination with IncomeSense easy. We see nice potential to increase this relationship sooner or later to additional diversify the selection and suppleness we provide to brokers and their purchasers.”

About Afficiency

Afficiency is an insurtech reworking the end-to-end life insurance coverage shopping for course of and accelerating the time it takes to get candidates authorised and lined. With Afficiency’s digital life insurance coverage platform, it is by no means been simpler to supply 100% digital in-session coverage choices. Afficiency permits distributors and different trusted manufacturers to white-label and distribute Afficiency’s life insurance coverage merchandise in a customizable manner. With our proprietary API, we will convey our suite of merchandise into our companions’ native environments. And for these ranging from scratch, we will provide an out-of-the-box buyer journey. Afficiency works with its service and reinsurance companions to develop these merchandise and has a rising product catalog spanning classes akin to time period, complete life, incapacity, and common life. All of our merchandise are digitally underwritten and issued to candidates inside seconds. Now we have issued 1000’s of insurance policies to this point, closing the life insurance coverage protection hole, eliminating friction and defending extra lives. To study extra about Afficiency, go to www.afficiency.com.

About ConsumerOptix

ConsumerOptix is a Software program as a Service ‘SaaS’ Insurtech providing Time period Life Insurance coverage insurance policies, immediately, on-line, and frictionlessly – in as little as quarter-hour. ConsumerOptix’ patent pending platform leverages Synthetic Intelligence and Client Psychographics to match shoppers and staff with ‘best-fit’ protection for his or her household. The corporate leverages personalised interactive video to have interaction with shoppers and staff with probably the most suitable messaging – on the level of sale. ConsumerOptix platform is ‘consumer-facing’ however solely distributed by way of conventional insurance coverage channels together with property & casualty brokers, life insurance coverage brokers, monetary advisors, and worker advantages brokers. For extra data, please go to https://consumeroptix.com/.

About Western & Southern Monetary Group

Based in Cincinnati in 1888 as The Western and Southern Life Insurance coverage Firm, Western & Southern Monetary Group, Inc., a Fortune 500 firm, is the guardian firm of a gaggle of diversified monetary companies companies. Its property owned ($66 billion) and managed ($35 billion) totaled $101 billion as of June 30, 2022. Western & Southern is among the strongest life insurance coverage teams on the earth. Its seven life insurance coverage subsidiaries (The Western and Southern Life Insurance coverage Firm, Western-Southern Life Assurance Firm, Columbus Life Insurance coverage Firm, Gerber Life Insurance coverage Firm, Integrity Life Insurance coverage Firm, The Lafayette Life Insurance coverage Firm, and Nationwide Integrity Life Insurance coverage Firm) keep very robust monetary scores. Different member corporations embrace Eagle Realty Group, LLC; Fort Washington Funding Advisors, Inc.;* IFS Monetary Providers, Inc.; Touchstone Advisors, Inc.;* Touchstone Securities, Inc.;** W&S Brokerage Providers, Inc.;*,** and W&S Monetary Group Distributors, Inc. Western & Southern is the title sponsor of seven main group occasions yearly, together with the Western & Southern Open, a premier occasion within the U.S. Open Collection performed every August by the world’s top-ranked skilled female and male tennis gamers.

* A registered funding adviser.
** A registered broker-dealer and member FINRA/SIPC.

IncomeSense coverage collection ICC20 2006-4003-W WSA, ICC20 2006-4003-R WSA is issued by Western-Southern Life Assurance Firm, Cincinnati, OH, a member of Western & Southern Monetary Group.

‍Media Contact for Afficiency

Heather Valle
heather@calibercorporateadvisers.com

SOURCE: Afficiency

View supply model on accesswire.com:
https://www.accesswire.com/735792/Afficiency-and-Western-Southern-Crew-with-ConsumerOptix-to-Combine-Revenue-Safety-Insurance coverage



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