Industry News

Genworth Colony Term UL – New Submission Requirements

Effective on April 16, 2012, ColonySM Term UL applications with face amounts of $100,000 or below that are eligible* for Life Quick Request (LQR), must be submitted through the iLQR process through iPipeline® (iGO Drop Ticket).

By simplifying and speeding up the application process, our goal is to make protecting Main Street Americans more efficient and easier for you.

Commission impact:

If a Colony Term UL paper application for $100,000 face amount or below is received after April 15, we will process it but will pay no commission on the case. We will pay commissions on all cases $100,000 and below that are submitted the iLQR process we offer through iPipeline.

We have been delighted with the success of Colony Term UL and appreciate your part in making that happen. Many agents are already using our industry-leading Life Quick Request fulfillment process because the simple two-page electronic ticket allows you to spend less time processing and more time prospecting new business.

Using Life Quick Request is faster and ultimately reduces cycle time by up to 50% and increases placement rates by up to 8%.**

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