September 17, 2021
AIG Instant Life is now available on the Protection Platform
Insurtech provider UnderwriteMe has incorporated AIG’s Instant Life insurance products to its protection platform system.
The provider says AIG’s Instant Life Insurance stands out because of its straightforward online sign-up process, simplified underwriting, and quick decisions.
It adds that the insurer offers competitive premiums due to the simplified underwriting needs.
Advisers that use the platform now have access to more life insurance products and can compare rates for their clients.
UnderwriteMe Protection Platform gives automated and instant underwriting decisions for more than 90 percent of all protection cases.
Last month UnderwriteMe appointed Simon Jacobs to the newly created role of business development director to build commercial partnerships with aggregator distribution firms.
UnderwriteMe director of sales Phil Nash said: “I’m delighted we’re further consolidating our relationship with AIG with the addition of Instant Life Insurance to the Protection Platform. The product fits very well with our distribution model and will expand what is already a significant panel of life insurance providers.”
AIG Life head of distribution development Steve Dyas added: “I’m really pleased that we’re able to add Instant Life Insurance to the Protection Platform. It’s important that we do everything we can as an industry to help people get insurance that will look after their families financially when they no longer can. Adding instant life insurance to Protection Platform gives financial advisers another way to provide clients with quality, affordable cover from AIG Life.”