December 1, 2009
For Immediate Release
Banner Life Selects iPipeline’s iGO e-App Drop Ticket for Life Business
National Deployment of Short Form to Simplify and Accelerate Sales for 500 Distributors
Exton, PA: iPipeline™, the leader in on-demand software that supports marketing, selling, and processing solutions for the nation’s top insurance carriers, distributors and producers, today announced Banner Life Insurance has purchased iGO e-App™ Drop Ticket (short form). Under the agreement, Banner Life will be deploying iGO e-App Drop Ticket for their life business in January 2010. The rollout will include William Penn Life Insurance, Banner Life’s New York-based subsidiary that joined the corporate group in 1989.
"Banner Life is enabling agents to produce based on the way they like to sell. Analyzing agent selling behavior and the associated performance metrics are key components in our product development strategy, and iGO e-App Drop Ticket is specifically designed to simplify and accelerate selling for agents. It is all about speed, accuracy, and productivity and delivering immediate benefits to carriers, distributors and agents in today’s competitive market,” said Tim Wallace, CEO, iPipeline. “After agents enter information via wizard screens into the Drop Ticket, it is emailed to the distributor for approval and then e-submitted to Banner Life’s call center for completion. iPipeline is pleased to have Banner Life join our list of insurance carriers who are benefiting from reduced cycle time, greater productivity, and higher placement ratio."
"iPipeline’s iGO e-App Drop Ticket solution provides us with a flexible solution designed to minimize the agent’s time investment, hand-off the detailed data gathering related to compliance, financing and payment, and drive our sales. Development and deployment are on a brief timeline, so we expect to realize a return on our investment by the end of Q1 2010,” said Hank Cushard, VP Marketing, Banner Life Insurance. “With 500 distributors selling our life insurance products throughout the US, rapid distribution and ease of use were on the top of our list. The agent’s ability to capture key data points and then e-submit short forms to our call center will deliver major returns and a strong competitive advantage in the market place"
To learn how you can implement use of iGO e-App Drop Ticket to support the marketing, selling and processing of insurance, contact sales@ipipeline.com or call 1-800-758-0824, option 2.
About iPipeline
iPipeline leads its industry in providing the next-generation suite of sales distribution software as a “clean technology” to the insurance and financial services markets through its on-demand service. iPipeline's channel solutions for carriers, distributors, and producers automate activities for quoting, forms processing, illustrations development, requirements ordering, contracting, and content distribution, enabling the insurance industry to market, sell, and process faster. iPipelineprovides the process automation and seamless integration needed to make a sale by aggregating over 160 carriers, 1,100 distributors, and 400,000 agents in a single, Web-based environment — the iPipeline Network.
About Banner Life Insurance
Banner's life insurance products are sold through independent life brokerage agencies in 48 states and the District of Columbia. At Banner Life, we take our financial promises seriously. We also promise to treat our customers fairly and to apply ethical standards to every business transaction. We believe in offering low-cost, innovative products and responsive service. Our goal is to build lasting, mutually beneficial partnerships.
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For more information contact:
Ashley Gerson
Marketing
484-348-6555, ext. 462