— Oct. 13, 2022 —
Published in NEWS
on yahoo!finance
October 13, 2022 (BUSINESS WIRE)
SelectQuote, Inc. today announced a partnership with Symetra Life Insurance Company and Munich Re Life US to bring SwiftTerm SelectSM, a new instant decision point-of-sale term life insurance product with competitive rates, to the SelectQuote platform.
Beginning in the fourth quarter of 2022, qualified consumers ages 18-60 will be able to acquire up to $2 million of same-day coverage without a medical exam through SwiftTerm Select.
SwiftTerm Select will be sold exclusively through SelectQuote, a pioneer of direct-to-consumer insurance shopping since 1985 that has helped millions of consumers find the right life insurance coverage.
The customized term life product will offer instant decision underwriting through alitheia, a Munich Re Life US platform. Policies will be issued by Symetra, a leader in annuities, life insurance and employee benefit products, and exclusively reinsured by Munich Re Life US, a leading provider of reinsurance and insurance-related risk solutions.
We are committed to transforming the insurance buying and selling process through innovative product development, technology and strategic partnerships. We believe the future of life insurance is a combination of a digital and agent experience that seamlessly integrates real-time data with cutting-edge underwriting technology, providing consumers with high-quality choices at competitive prices.
Phil Williamson, VP Business Development, SelectQuote
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