Meet Max
Tom and Lily’s little bundle of joy means their needs are changing.

Now settled into their new home, Tom and Lily expand their family. Amid all the excitement, they receive a great piece of advice: they should get life insurance to protect their family. They put off shopping for life insurance because they’ve heard it can be lengthy, inconvenient and intrusive. However, Tom and Lily are surprised to find out purchasing life insurance with their carrier is easier than expected. Their carrier uses LexisNexis® Life Data Prefill and LexisNexis® Risk Classifier, which means they only had to provide their names, address and dates of birth to start the process and avoid a long underwriting cycle time and health screening. Tom and Lily are pleased with the prompt turnaround time on their policy and relieved they don’t have to go through the hassle of a mandatory health screening.

Provide a streamlined, convenient application process Learn more about LexisNexis® Life Data Prefill.Acquiring a life insurance policy can be a slow and inconvenient process, particularly when it comes to gathering health-related data. This can be off-putting for customers and costly for carriers, in more ways than one.

LexisNexis Life Data Prefill can speed up the application process while improving data accuracy and hit rates. Particularly at lower face amounts, data elements that are predictive of mortality can help increase profitability and improve the customer experience. Life Data Prefill may deliver up to 5 current phone numbers, up to 5 current email addresses and up to 20 matching attributes pertaining to physicians for the proposed insured.

In the age of accelerated underwriting options, you can now deliver a better customer experience that helps eliminate long waits, physical exams and the blood draw practices of the past. LexisNexis® Risk Classifier uses a numeric score to predict relative mortality and helps fast-track the underwriting process by leveraging big data insights from public records, driving history and credit attributes. Once the consumer’s information is entered, LexisNexis Risk Classifier can help you provide a life insurance underwriting decision within minutes, rather than weeks or months. On the low end, decisions can be rendered in less than 15 minutes — and even on the high end, decisions only take five days.