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When:
August 17, 2021 @ 2:00 pm – 3:00 pm
2021-08-17T14:00:00-04:00
2021-08-17T15:00:00-04:00
Business Insurance Opportunities with LGA’s Digital Application Platform
On August 5, we announced that the following new features are available within the LGA digital platform. Review our list below and register for a webinar on August 17, 2021, at 2 p.m. ET to learn more.
- Business insurance: You can now purchase the following types of business insurance within the digital application platform: Sole Proprietor*, Limited Liability Company (LLC), S-Corporation, Partnership, Limited Partnership (LP), Nonprofit Organization and Cooperative. Cases can be based on the following business needs including:
- Key person: life insurance for a company’s top executives
- Buy-sell: insurance covering the business should a co-owner die, be forced to leave the business or voluntarily leaves the company
- Loan collateral: life insurance policy used as collateral for a business loan, assignment required upon policy activation
- Stock redemption: the policy serves as a binding agreement implemented by the business owners to orderly facilitate the transition of a business interest in the event of death, disability or retirement of the business owner
- Get More or Get Less for clients: You can now enable either Get More or Get Less for your clients and provide them with the option to customize the offer (based on eligibility). This feature can be selected within the existing advisor preferences section on the Final Decision Preferences screen.
Join LGA Key Accounts VP Jim Grauel as we look at the latest enhancements to LGA’s Digital Application Platform, highlighting how several types of business insurance can now be submitted using the ease and simplicity of our digital application process.
Concepts available on LGA’s Digital Application Platform include: Sole Proprietor, Limited Liability Company (LLC), S-Corporation, Partnership, Limited Partnership (LP), Nonprofit Organization and Cooperative.