Lincoln Financial Group and Modern Life partner to accelerate digital transformation in life insurance
27 Settembre 2022 - 04:00PM
Business Wire
Partnership leverages Lincoln’s leadership in product and
distribution with Modern Life’s technology and digital brokerage
expertise
Lincoln Financial Group (NYSE: LNC) today announced a new
partnership between Lincoln Financial Distributors (LFD), its
wholesale distribution franchise, and Modern Life, a tech-enabled
life insurance brokerage. The partnership will enable Lincoln’s
life insurance product portfolio to be delivered on Modern Life’s
digital platform, providing an improved digital end-to-end
experience – an important pillar of both companies’ shared
commitment to innovation and support for financial professionals
and their clients.
Modern Life’s comprehensive technology leverages data and
analytics to accelerate risk assessment and quoting, helping the
modern financial professional grow their business and confidently
serve their clients through an enhanced end-to-end digital journey.
The company’s integrated dashboard reduces friction points for
financial professionals, while its brokerage expertise provides
personalized, in-depth support for even the most complex cases,
from difficult underwriting solutions to advanced case design and
sales concepts. Financial professionals using the platform will
have access to a broad suite of Lincoln Financial’s products,
including permanent and term coverage and linked benefits, as a
result of the partnership.
“Lincoln is embracing the future of distribution and evolving to
meet an increased demand for more digitization in the insurance
buying experience, across all touchpoints for our wholesalers,
financial professionals and end consumers,” said Aadil Lokhandwala,
senior vice president, Office of Strategic Planning for Lincoln
Financial Distributors. “This new partnership with Modern Life
enables us to expand our distribution reach, accelerates our
virtual-first distribution strategy and provides increased
transparency and an improved end-to-end digital experience for
financial professionals in serving their clients.”
“The life insurance industry is in the midst of its industrial
revolution,” said Michael Konialian, Co-Founder and CEO of Modern
Life. “The pandemic accelerated its digital transformation as
kitchen table conversations have evolved into video calls, paper
applications shifted to digital forms, and in-person medical exams
can often be replaced by predictive underwriting models. Financial
professionals faced the highest rate of new business growth in
decades, which makes it more important than ever that they and
their clients have a streamlined and simple digital life insurance
experience. We are thrilled to partner with a company like Lincoln
Financial, with broad product and underwriting expertise, to bring
our technology platform and advancements to support financial
professionals and their clients.”
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help
people take charge of their financial lives with confidence and
optimism. Today, approximately 16 million customers trust our
retirement, insurance and wealth protection expertise to help
address their lifestyle, savings and income goals, and guard
against long-term care expenses. Headquartered in Radnor,
Pennsylvania, Lincoln Financial Group is the marketing name for
Lincoln National Corporation (NYSE:LNC) and its affiliates. The
company had $279 billion in end-of-period account values as of June
30, 2022. Lincoln Financial Group is a committed corporate citizen
included on major sustainability indices including the Dow Jones
Sustainability Index North America and FTSE4Good and ranks among
Newsweek’s Most Responsible Companies. Dedicated to diversity,
equity and inclusion, we are included on transparency benchmarking
tools such as the Corporate Equality Index, the Disability Equality
Index and the Bloomberg Gender-Equality Index. Committed to
providing our employees with flexible work arrangements, we were
named to FlexJobs’ list of the Top 100 Companies to Watch for
Remote Jobs in 2022. With a long and rich legacy of acting
ethically, telling the truth and speaking up for what is right,
Lincoln was recognized as one of Ethisphere’s 2022 World’s Most
Ethical Companies®. Learn more at: www.LincolnFinancial.com. Follow
us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email
alerts at http://newsroom.lfg.com.
Lincoln Financial Group and Modern Life are not affiliates.
About Modern Life
Modern Life is a tech-enabled life insurance brokerage. With a
focus on empowering advisors, Modern Life offers advanced
technology solutions to digitally streamline advisors’ practices
and expert brokerage support. With Modern Life, advisors nationwide
can compare quotes from top carriers in minutes, perform
data-driven underwriting assessments, manage clients from an
integrated dashboard, and receive comprehensive deal support. For
more information, please visit modernlife.com.
LCN-4931948-090122
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version on businesswire.com: https://www.businesswire.com/news/home/20220927005776/en/
Media: Jacqueline Silva, pr@modernlife.com Allyson Vento,
allyson.vento@lfg.com
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