With the advent of the Patient Protection and Affordable Care Act (PPACA) and expanded employee-paid benefit plan offerings, the need to strategically leverage benefit communications, education, and decision support tools has become increasingly important. As part of its commitment to support broker enrollment needs with small business clients, The Guardian Life Insurance Company of America® (Guardian), a mutual life insurer and provider of employee benefits, announced the launch of Guardian Enrollment Maker (GEM), a new benefits communication resource center.
GEM gives brokers more control over benefit communication activities by providing a single place to access communication ‘best practices’, as well as a full range of benefit communication assets to better serve their clients, particularly small businesses.
In 2013, Legal & General America announced a flexible eDelivery solution to deliver life insurance policies to customers electronically, saving brokerage general agencies time and money. To create its eDelivery platform, Legal & General America partnered with DocuSign, the global leader in eSignature, and Paypal to process online payments.
Since the launch of Legal & General America’s eDelivery solution:
• Over 60,000 policies have been signed electronically.
• 30 percent of Legal & General America policies are eDelivered.
• 20 percent of eDelivered policies are completed within one day of receipt.
• More than half of eDelivered policies are completed by the policy owner within seven calendar days.
• On average, eDelivery policies are activated two weeks sooner than paper policies.
• To date, time saved using eDelivery instead of paper totals nearly 912,500 days or 2,500 years.
In 2014, Legal & General America’s proprietary eDelivery platform received the prestigious Novarica Research Council Impact Award.
Sun Life Wake Up Summit will provide expert insight on health care benefits in 2015, when industry leaders in insurance and health care will gather on April 1. The Summit will feature experts in the fields of insurance and health care reform, discussing one of the most defining issues of our time and the sessions will give a real-life perspective on how employers are taking control of their health care benefits and analyzing solutions like self-insurance. For the full schedule, agenda, list of speakers, and more information on discussion topics, visit: http://www.sunlifesummit.com/.
The live webcast will be broadcast from Bloomberg Headquarters in New York City and you can join by registering at http://www.sunlifesummit.com/.