Quility launches term life from SBLI

Quility Insurance has launched a new product – Quility Level Term – in collaboration with Afficiency, a startup that designs, builds, and delivers life insurance via API, and SBLI.

Through Afficiency’s digital infrastructure and SBLI’s tech-driven insurance product offerings, Quility Level Term offers clients a simple, personalized policy with an entirely digital application and purchase process. Clients can apply online from the comfort of home and receive their new policy in just minutes.

“If you sell mortgage protection or term life insurance, you can’t afford to not sell this exclusive Quility product,” said Brian Pope, Co-Founder of Quility. “With a virtual underwriting engine, the entire process takes just minutes, from application to delivery to your client’s inbox. Additionally, this product offers incredible cost savings to the client, sometimes at half the cost of other simplified issue products. Quility Level Term is going to transform the agent experience and the client’s buying journey.”

The simplified issue product provides a 100% digital experience with no medical exam necessary to qualify for coverage and an on-the-spot decision in minutes. Quility Level Term provides a maximum coverage amount of $1 million with level premiums throughout the policy term. Included within the policy at no additional cost is a charity rider that allows the client to select a charity of their choice as an additional beneficiary of their policy.

Licensed life insurance agents can sell the Quility Level Term product to their clients directly by applying with the client in real time through the digital platform. Through this digitized application process, Quility clients will receive an instant decision and obtain coverage that meets their needs at an affordable price.