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Symetra SwiftTerm's Automated Life Insurance Process

Symetra Life Insurance Company introduces a streamlined, digital-first approach to acquiring term life insurance through its Symetra SwiftTerm platform. This innovative process is designed for young, healthy individuals seeking a quick, hassle-free insurance buying experience without the need for in-person meetings or medical examinations.

Key Features of Symetra SwiftTerm:

  • Automated End-to-End Process: From application to policy delivery, the entire process is automated, offering clients a fast and efficient way to secure life insurance coverage.

  • Three Underwriting Paths: Depending on the client's profile, they can qualify for instant coverage, accelerated underwriting, or full underwriting, ensuring a tailored approach to each individual's needs.

  • Instant Coverage: Eligible clients can obtain coverage in as little as 18 minutes, with premium payment securing the policy immediately.

  • Accelerated and Full Underwriting: For those needing further assessment, Symetra offers accelerated underwriting with a decision within 24-72 hours, or full underwriting, which may require additional medical records or exams, with a decision in about 30 days.

  • Digital Application Process: The application begins with the producer and is then handed off to the client via a secure link, eliminating cumbersome paperwork and telemed interviews.

  • Comprehensive Online Management: Once insured, clients can manage their policy through the SwiftTerm self-service portal, offering a user-friendly interface to monitor policy details, make payments, and update information.

  • Transparent Communication: Throughout the process, both producers and clients receive updates and reminders, ensuring a clear and efficient progression towards securing coverage.

Benefits for Producers and Clients:

  • Producers can offer a modern, digital solution to clients, expanding their reach and streamlining the sales process.

  • Clients benefit from a fast, convenient, and transparent method to obtain life insurance, fitting their busy lifestyles and providing them with peace of mind.

Symetra's SwiftTerm leverages technology to modernize the life insurance buying experience, making it more accessible, efficient, and client-friendly. It's a testament to Symetra's commitment to innovation and customer satisfaction in the insurance industry.

Download the PDF flyer:

End to End Producer Guide
Download PDF • 385KB

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