Fort Lauderdale, FL (PRWEB) October 02, 2013
Aplifi®, a leader in technology solutions for the insurance and financial sectors announced a new “AFFIRM for Independents” annuity e-order entry solution for independent distribution.
Until now, most life insurance brokerage general agencies (BGA’s) and annuity field marketing organizations (FMO’s) have relied primarily on old-fashioned pencil and paper to complete and submit fixed and indexed annuity applications. As regulatory oversight has increased, both the amount of paperwork and the chance of an application returned from the carrier as not-in-good-order have increased dramatically.
The new AFFIRM for Annuity solution for independents provides the smaller distribution firm with the same efficiency and control through electronic order entry that had previously been available only the larger distributors, such as banks, regional broker-dealers, and wirehouses.
For the annuity carrier, the AFFIRM for Annuity solution for independents is the first solution with the capability to combine the transactions from the smaller distributors with the existing depository and trust clearing corporation (DTCC) data feeds that they already receive from the larger distributors. This allows the carrier to increase their ROI return on existing investment.
“We’re excited to be the first in our space with a solution that really works from both the business and technical perspective,” said Chris Pernicano, SVP Sales at Aplifi. “We're excited to provide the independent distributor with such a powerful toolset.”
Josh Garland of Financial Professionals Group, said, “At FPG we are excited to implement AFFIRM for Annuities. This represents a tremendous opportunity to participate as a leader in the electronic application submission space for annuities. The effective use of AFFIRM for Annuities will decrease NIGO’s, increase efficiency, and shorten the ‘submission-to-issue’ time frame. With all of those benefits, it is only a matter of time before the paper application process goes entirely extinct.”
Aplifi® (http://www.aplifi.com), based in Fort Lauderdale, Florida, is a leading technology provider that focuses on the life insurance and financial services markets. Aplifi® offers solutions that facilitate more insurance transactions that are “In Good Order,” driving increased business. Its suite of flexible and easy to use platforms include AFFIRM for Life, AFFIRM for Annuity, I-Relay CRM, and PolicyBox®. “We Simplify Selling Insurance!”
About Financial Professionals Group
FPG / Financial Professionals Group (http://www.fpgonline.com) is a national marketing organization founded in 1997 that is dedicated to supporting financial professionals, broker dealers, and financial institutions with risk management, retirement, business and legacy planning solutions.
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Aplifi, AFFIRM for Annuities, PolicyBox, InsureSocket and I-Relay are registered trademarks of Aplifi, Inc. AFFIRM and AFFIRM for Life are trademarks of Aplifi, Inc.