EXTON, PA (September 11, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced BCS Insurance Agency (BCSIA) will offer fixed and fixed indexed annuity products through Four Seasons Financial Group using SimplyAnnuityTM powered by iPipeline’s multicarrier AFFIRM® for Annuities order entry module.
AFFIRM for Annuities is a compliance and order management system designed to integrate a carrier’s complex product rules with a distributor’s compliance processing requirements (customized workflows and suitability reviews) to generate transactions that are “in good order.” Compliant annuity applications are electronically submitted to carriers for processing after successfully passing all supervisory reviews.
“BCSIA’s value-added approach to selling makes perfect sense to agents looking to offer their clients diversified financial services. Customer loyalty hinges on the buyer’s perception of value and service delivery,” said Tim Wallace, CEO, iPipeline. “With Four Seasons Financial providing BCSIA access to iPipeline’s advanced AFFIRM for Annuities platform, BCSIA will be better positioned to meet its mission of providing a full portfolio of products to its distribution partners.”
“While our partners have traditionally sold health insurance products, we made the strategic decision to break the mold, automate the process using SimplyAnnuityTM, and offer fixed and fixed indexed annuities to our partners,” said Dave Burghard, President, BCSIA. “Our philosophy is simple: insurance and financial products should be easy to purchase and simple to understand. Our decision to offer these annuities is just another part of our expanding capability to provide families what they need now and in the future.”
“While we have historically partnered with key financial services organizations – banks, broker-dealers, credit unions – we are now marketing to insurers to strategically expand their product offerings of life insurance and annuity products, automate the selling and buying process, and grow their revenue. BCSIA represents the future of one-stop selling and purchasing of diversified products,” said Jim Sorebo, CEO, Four Seasons Financial. “Given the right tools and support, there is a huge, untapped opportunity to sell these simple annuity products. SimplyAnnuityTM, powered by AFFIRM, has proven to be a powerful tool to streamline our business processes, and we are confident BCSIA will have the same experience.”
BCS Insurance Agency (BCSIA) is a wholly owned subsidiary of BCS Financial Corporation (BCS). For over 70 years, BCS has provided innovative financial and insurance solutions through its partners and distributors. BCS has insurance licenses in all 50 states and is rated A- (Excellent) by A.M. Best. To learn more about BCS or BCSIA please visit our website at http://bcsins.com/.
About Four Seasons Financial Group Inc.
Four Seasons Financial Group Inc., founded in 1993, is a national wholesale provider of insurance and investments products and the technology solutions to streamline selling and buying processes to the institutional markets. FSFG works with over 250 banks and broker-dealers and over 5,000 financial advisors. Visit: www.fsfginc.com.
iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Through our SaaS-based new business acquisition platform, we accelerate and simplify sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the financial services industry including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers. Our innovative solutions enable automated processing for pre-sales, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, consumer delivery and self-service, and agency and firm management.
iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 130 carriers, 1,300 distributors and financial institutions, and their agents and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Bromley (UK), Cheltenham (UK), Dallas, Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit fr.ipipeline.ca.