Life Insurance Process
BUDGETLIFE PROCESS LINKS CONSUMERS AND INSURERS
It's one thing to shop for life insurance. It's another matter, however, when it comes
to actually getting a policy delivered. Now BudgetLife, an Internet service for life
insurance consumers, has a way to cut the paper chase and link consumers and insurers
seamlessly.
"Consumers applying for life insurance often become frustrated by the length of time it
takes to get a policy issued," says Terry Burt, President of BudgetLife's parent company
Interlinx, LLC. "Most companies employ a paper-intensive process requiring multiple data
entries and manual delivery of paper documents. Even online insurance sites process requests
the old fashioned way: write it down, and put it in the mail."
To solve this problem, BudgetLife developed its Fast Application Screen and Transfer (BeFAST)
process. The BeFAST process uses direct interfaces to insurance company databases to speed
life insurance delivery to consumers.
According to Mr. Burt, insurance company innovation is essential to improving the delivery
process. "We have partnered with companies who provide direct access to their computer
systems. Once a consumer enters a BeFAST request at our Website, it is transferred directly
into the company's database. The company even provides a call center to obtain the health
history and complete the application."
BudgetLife also provides needs analysis and quoting tools to assist consumers in choosing
the life insurance products that best fit their requirements.
® BudgetLife is a registered mark of Interlinx, LLC, Plymouth, MI.
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