New streamlined pre-application process helps make sale of long-term care
insurance simpler for producers
ALLENTOWN, Pa., March 3 /PRNewswire-FirstCall/ -- Penn Treaty Network America Insurance Company (NYSE: PTA) has developed a new streamlined pre- application process which allows producers to quickly determine whether their clients qualify for long-term care insurance (LTCi).
Penn Treaty's LTCi QuickPass program is designed to save both time and money while making the long-term care insurance sales process more comfortable for the client.
With this program, Penn Treaty has modified the traditional sales process to allow agents to initiate the sale using a simple, one-page form that can be completed in the client's home or over the phone, whichever is more convenient. If the client is able to answer "no" to the five health questions on the form, the producer submits it to Penn Treaty. There are no complicated rate calculations and no premium is required at this stage.
Once the form is submitted to Penn Treaty, a nurse will contact the client to schedule a face-to-face interview and gather additional health information for the underwriting process. Everyone who qualifies for long-term care insurance coverage will be given a proposal, which is guaranteed for 30 days, subject to financial suitability requirements.
"Producers can use the LTCi QuickPass method to submit all of their business to us," said Derrick Brickhouse, Vice President of Sales and Marketing for Penn Treaty. "It is also a great way to give clients an alternative insurer option at the point of sale, without having to complete a lengthy application."
Agents who are interested in putting the LTCi QuickPass program to work for them can call 1-800-362-0700 ext. 5020 or e-mail email@example.com for more information.
About Penn Treaty
With more than 35 years of industry experience, Penn Treaty has one of the longest active sales histories in long-term care insurance. A subsidiary of Penn Treaty American Corporation, the company is primarily engaged in the underwriting, marketing and sale of individual health insurance products, principally covering long-term nursing home and home health care. Penn Treaty is focused on providing policyholders and their families with the peace-of- mind and financial stability that long-term care insurance can deliver, whether they choose a nursing home, assisted living facility, or their own residence.
Long-term care insurance is offered through Penn Treaty Network America Insurance Company and its affiliated companies, American Network Insurance Company and American Independent Network Insurance Company of New York.
|SOURCE Penn Treaty Network America|
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