NU Online News Service, May 27, 2003, 10:34 a.m. EDT – Interlinx L.L.C., Canton, Mich., has introduced the BudgetLife Expert Quoting System, a software tool that can improve a life insurance agent’s Web-based quote service.
The software builds life insurance company underwriting rules into the quotation process, Interlinx says.
A Web site equipped with the software starts by using a consumer’s age and sex to search a 150-company term life database. The site then asks for more information and uses the answers to find out which rates are actually available to the consumer.
The software should boost sales by increasing the odds that consumers will receive accurate quotes, Interlinx says.
The Interlinx software gets the rate information for the searches from a database compiled by Compulife Software Inc., Nicholasville, Ky.