LifeSpeed provides application processing functionality through a purely-electronic format:

• Carriers make products available for sale on the platform by defining them in an industry-standard electronic format supported by LifeSpeed.
• Distributors have a number of implementation choices by which LifeSpeed functionality can be made a seamless part of their online sales environments. Distributors control which products and product aspects are available to their agents.
• After logging in to LifeSpeed’s secure environment, sales agents initiate an application by selecting product information, policy information, and policy configuration. LifeSpeed checks the agent’s licensing as a part of the application initiation.
• The agent then follows straight-forward prompts from LifeSpeed’s Wizard to provide all appropriate questionnaire/survey information. The platform keeps complex business and regulatory rules completely in order, behind the scene, through our matchless automation expertise. Correct operations, suitability, and compliance standards are all ensured.
• Illustration data can be imported from WinFlex, a carrier CRM, or other illustration systems. Also, through powerful platform prefill features, all data fields can be automatically populated with appropriate data.
• LifeSpeed checks the application against carrier product rules to ensure that the application is complete, accurate and compliant before it is sent to the carrier.
• Workflow in LifeSpeed can be configured to provide routing to any appropriate entity whether that be a BGA, tele-underwriter, direct-to-carrier, underwriter, agency management system, direct marketer, fulfillment company, or distributor reporting system.