Digital Insurance Practices?
While the insurance world has typically not been associated with leading on the technology front, recent world events have created many new developments in the insurance sphere. It is unclear yet if these practices will continue past pandemic times or will be temporary measures. Read below to learn about how the insurance process has been streamlined and simplified!
Paramedical Services (used for approval of higher coverage levels), have been difficult to access due to COVID-19. Many insurance providers have decided to raise the limit for medical evidence, to allow clients to access insurance solutions even with limitations on services.
When placing insurance documents, they often require a witness signature. With the requirement of social cohorts, having access to a witness can be difficult. Many insurance providers have waived the requirement of a witness signature for the time being.
In-person meetings have been paused for many of us, so with digital contract delivery your Wealth Strategist can download, print, email and share contracts with you electronically. Many Wealth Strategist have also moved to secure digital platforms to host meetings and connect with their clients
The pandemic has brought several uncertainties, many of which are financial. We know our clients may require flexibility when it comes to their insurance solutions. Many providers are offering payment deferrals, options to reduce your coverage and premium vacation, as a few options.
If you want to learn more about your options, or how you can access insurance solutions during a time when traditional meetings are not as accessible, please reach out to your Wealth Strategist directly.