ONLY FINANCIAL GROUP ANNOUNCES AVAILABILITY OF ELECTRONIC SIGNATURES ON LIFE INSURANCE APPLICATIONS
OFG is Among the First Insurance Marketing Organizations to Offer New Electronic Signature Technology
Technology Dramatically Improves Processing Time for New Policies
SEATTLE, WA. – (Feb 5, 2005)
Only Financial Group (OFG), a national Insurance Brokerage and Lead Generation company serving the insurance industry has announced the availability of electronic signatures on life insurance applications from one of the nation's top carriers processed through its nationwide network of member agencies. OFG is among the first in the country to offer this service.
Through its affiliation with Brokers Alliance, Inc., life insurance applications processed through OFG can include electronic signatures from customers which alleviates the need for applications to be sent via mail or fax. According to Pat Wedeking, CEO of OFG, the new electronic signature capability can reduce a process that can take up to 6 weeks down to just minutes.
""The availability of electronic signatures dramatically reduces processing time for new policies," said Wedeking. "Anytime an agent can improve their processing time, they will also increase their closing percentages and revenue."
To use the service, clients complete their application online and submit electronically to the agent. The applicant is then sent an automated e-mail to verify specific questions from the application such as social security number, address, health history, payment information, etc. Accurate responses confirm that the applicant is indeed the person who completed and submitted the application. This process is used in other industries and is considered more accurate than standard "wet" signatures.
"The availability of electronic signatures is a huge step in simplifying the new policy process and allows both agents and customers to manage virtually the whole new policy process online," said Wedeking.
The availability of electronic signatures fits well with OFG's Web-based LeadBoss service which provides member agencies nationwide with the ability to accept new business leads online as well as track and manage the entire new policy process.
About Only Financial Group
Founded in Seattle, Washington in 1998, Only Financial Group is the marketing
organization of InsuranceOnly, Inc. The brokerage provides
leads, technology and agency support services. Through its
proprietary Web sites such as www.TermOnly.com
and www.InsuranceOnly.com
and www.LongTermCareOnly.com,
InsuranceOnly generates thousands of targeted leads and application
requests each week from consumers for new insurance policies.
Only Financial Group provides these leads to its brokers along
with technology and other business support services designed
to increase sales and processing efficiency.
For more information call Brad Howard at 866-INS-ONLY x108 for an interview
regarding the benefits of affiliation with Only Financial
Group. Information is also available at www.OnlyFinancialGroup.com.

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