The insurance industry is catching up to the world of on-line submission of applications — Commonly called Drop-Ticket applications. Drop-Ticket e-apps can be submitted in less than 10 minutes and do not require signatures from the applicant. This process greatly reduces your time invested in completing a regular paper app, guarantees that the applications are in good order and has shown to reduce the underwriting cycle time.
No more waiting to make a face to face meeting with a client to complete a paper application. No more mailing an application to the client for them to complete only to have it sit on their desk waiting for them to have the time.
The Drop-Ticket application is not for all of your clients. It works best for more transactional type cases, personal life insurance and clients without major health issues. For more complicated or large cases, clients with health issues or business clients it is best to stick with the traditional paper applications.
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