1Life launches 1Life Vantage

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1Life announces the launch of their new digital intermediary solution for life and investment financial advisors – 1Life Vantage – aimed at enabling financial advisers to provide superior financial planning, product advice and ongoing product service to customers for long-term insurance and investment products.

1Life Vantage is a mobile application currently available on tablets and notebooks that enables a holistic view of the client and enables in-depth conversations leading to the delivery of the right financial products and superior advice, for ultimate peace of mind and sound financial strategies. Furthermore, not only does it offer end-to-end simplicity and convenience, but the process is fast connecting the right information to the right people.

Through the digital and paperless, cloud-based application 1Life have reinvented existing processes to deliver straight through processing, speed and convenience. Furthermore, the solution offers a simplified, real-time underwriting process allowing products to be structured without intensive administration. This makes insurance easier to buy and improves the access and affordability of products.

Critically important for advisers however is that, through the four commission models available to advisers (as well as through their premium commission model, providing advisers with protection against commission risk), not only is 1Life able to provide daily commission payments, but the model also provides the adviser with simplicity and convenience in a structure that suits how they wish to run their own individual business.

The solution also ensures real-time access and amendments to be made to client portfolios, as well as provides instant and interactive diary management directly from the application. However, critical to this, is that trust is central to this process and so, 1Life ensures no disintermediation by ring-fencing advisers’ clients so that they cannot fall into the direct 1Life channel.

“Technology evolution is critical in the insurance space and, as a business backed by a global brand, we are focused on delivering solutions that are technology centric, but that also provide ease and convenience so that we can change lives. However, we also realise that the technology transformation we are encouraging advisers to take can be overwhelming and so, 1Life Vantage provides all advisers with relationship consultants to ensure that the onboarding of such technology and the transition is smooth and that any queries or questions can be addressed in real-time,” continues Wentzel.

“1Life Vantage – I believe – will become a catalyst for change in the insurance sector in the near future, as advisers become familiar with the technology, use it and reap the benefits of its speed and convenience. As this shift happens, I believe we will see the market swing in the same way and we look forward to what this solution can offer the insurance sector and, of course, the client base that we serve,” concludes Wentzel.