At Coverpath, we place a high value on feedback from our users. One thing that we’ve heard often is that sometimes clients have a certain budget in mind for their life insurance premiums. Up until now, Coverpath required financial professionals to provide quotes with face amounts that were rounded to the nearest thousand, which meant that clients weren’t able to get quotes for the exact amount of coverage requested.
Starting on February 23, Coverpath will support face amounts in increments less than $1,000 on quotes (including riders) and applications, which will allow financial professionals to offer clients greater financial flexibility. This frequently requested feature is the first step in developing the premium solve capability which will be available on Coverpath later this year. (For now, financial professionals can run a premium solve in MM Designs and then input the face amount from MM Designs into Coverpath’s Visual Sales Tool).
“We’re excited to release this feature on Coverpath and hope it will enhance the quoting and applications experience for both the advisor and clients.” -Grace Ki, Product Owner, Advisor Sales Tools
Give Us Your Feedback!
Supporting face amount in increments less than $1,000 is just one of the many platform enhancements we have made based on feedback from advisors like you. To provide feedback or request new features, go to the “What’s Ahead” section on hub.coverpath.com.