NU Online News Service, Oct. 27, 2004, 3:20 p.m. EDT
MassMutual Financial Group has introduced on line enrollment for its group universal and variable universal life policies.[@@]
The company, in Springfield, Mass., today introduced Web-based enrollment for its Strategic Edge group UL and VUL products to make enrollment fast and easy.
The system assures accuracy by pre-filling computer screens with participants’ demographic information and by flagging mistakes or missing data.
It also gives plan sponsors information on how many participants have begun or completed their enrollments.
The system also lets enrolling executives name beneficiaries, invest premiums and complete forms with an electronic signature, and it includes a variety of investment information and videos that explain product features.