Advisors Blog

Introducing SBLI ZipApp^®

Submitting a life insurance app with SBLI is now faster and easier than ever! You can complete an SBLI application with no paperwork using the online SBLI ZipApp^® drop-ticket process. Available for all guaranteed level Term, Whole Life, and Single-Pay Premium options. 

Through the drop-ticket process you can electronically submit a life insurance interview request by completing basic client data, with a step-by-step wizard guiding you the entire way. From there the carrier will handle the rest. Once your request has been submitted, the carrier will contact your client within 24-48 hours for a 30 minute phone interview to complete the full application. After the interview is complete, the application packet is sent to SBLI’s underwriting department where they will evaluate data such as prescription history, MIB, MVR, and FCRA public information. During this process we’ll be sending you updates on your case to make sure everything is running smoothly. If there are any issues that require your involvement or you feel there is anything that should be brought to the carriers attention, you may step in at any time.

Be sure to share this handy guide with your clients to help them prepare for the telephone interview.

Accelerated Underwriting for Qualifying Cases

All guaranteed level term cases with face amounts up to $500,000, ages 18-60, and ALL risk classes, will automatically go through Accelerated Underwriting, which is an expedited process where no paramed or examiner appointment is required

If the client qualifies, the application will follow one of two paths:

• A decision could be made in as little as 48 hours.
• Underwriter determines that additional requirements are necessary – such as an APS, and a final assessment is determined upon underwriter review.

A few of the SBLI ZipApp Accelerated Underwriting advantages include:

• A non-invasive process for your client.
• Easier sales track for the agent.
• Improved overall cycle time.
• Improved placement rate.

Why Submit Business to SBLI?

• SBLI was founded in 1907 by future Supreme Court Justice Louis Brandeis and now operates as a mutual company, The Savings Bank Mutual Life Insurance Company of Massachusetts.
• Financial Strength: A (Excellent) from A.M. Best, A- (Strong) from S&P.
• Opportunity to convert a term policy to a strong permanent life insurance contract.
• The paperless ZipApp Drop-Ticket program gets your client’s applications submitted fast and efficiently.
• SBLI clients will receive a free subscription to LegacyShield¹, a state-of-the-art legacy planning platform that allows them to not only keep track of their financial life but also easily share information with their loved ones. Its intuitive design will help them organize valuable documents, financial information, photos, videos, stories, and final wishes in one secure location. They can plan and create their legacy and life story, leaving messages for their family as well as an organized roadmap of all assets – personal and financial.

To get started, please contact your GBS Brokerage Manager at any time. We are here to assist and ensure your clients’ applications get submitted fast and efficiently. With this quick and easy process, you not only save time but also get paid faster. 

¹SBLI will provide no less than one full year of FinancialView and Shield, the basic-level subscription to LegacyShield. Contact LegacyShield for additional terms and conditions. LegacyShield is an independent, cloud-based document storage service provider. Your relationship or agreements with LegacyShield are separate from your relationship or agreements with SBLI. 

Advertisement for the education of Producers/Brokers only. Not for use with the public. Not available in all states. Products and features may not be available in all states.  The Savings Bank Mutual Life Insurance Company of Massachusetts, Woburn, MA. © 2017 All rights reserved. NAIC #70435.

The Savings Bank Life Insurance Company of Massachusetts has become a mutual life insurance company and is making regulatory filings in all jurisdictions in which it is licensed to use its new legal name The Savings Bank Mutual Life Insurance Company of Massachusetts. States that have approved our new legal name can be found at www.sblibrokerage.com/mutual. 17-3026 | 11/17