Symetra Adds Instant Approval to Online Application

Bellevue, Wash.-based Symetra Life Insurance Company has launched a new "instant approval" process for select bank partners selling its Successor Single Premium Life (SPL) insurance.

An enhancement to Symetra's online application tool, qualified applicants can be approved in real time for SPL policies. Applicants not eligible for instant approval may still qualify for on-the-spot temporary life insurance coverage until an underwriting review is completed, Symetra says.

“Instant approval provides our distribution partners with a customer service advantage, and it gives qualified clients peace of mind knowing they have binding coverage when they leave the bank,” Pat McCormick, SVP of national accounts for Symetra, says in a statement.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio