NU Online News Service, May 16, 5:12 p.m. – SAFECO Life Insurance Company, Redmond, Wash., has started offering producers the ability to quote and bind term life insurance through its Web site.
Producers who use the SAFECO Life Now For Life program can now issue temporary term life insurance coverage online. The applications are subject to final approval and further underwriting by the insurer.
To obtain the temporary coverage, customers answer two underwriting questions and make an initial payment. Consumers can pay using credit cards or electronic funds transfer.