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Has anyone used these for life application signatures? I know that eSignatures are legal, however I wonder how compliant these are with insurance laws, let alone individual insurance company guidelines.
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Each life insurance carrier has their own stance. I know of some carriers that take docusign, 98% don't.
You can get the majority of carriers by going iGo and Marketech.
Jeff can you expound on these.
Thanks
"iGo e-app", "Marketech" and "Docusign" are e-signature platforms approved by various life insurance companies and made available to IMO's (for a fee).
With iGo, when e-signatures are completed, it auto-submits to the carrier in good order (iGo = "in good order"), so that's the preferred method.
Some of the companies on iGo:
Assurity, AXA, Genworth, ING, John Hancock, Lincoln, Minnesota Life, MOO, Nationwide, Principal, Prudential, Transamerica.
Marketech and Docusign cover the rest of the major term life companies like Banner, Met, Protective, SBLI etc.
Has anyone used these for life application signatures? I know that eSignatures are legal, however I wonder how compliant these are with insurance laws, let alone individual insurance company guidelines.
I use echo sign daily
I used echo sign for 2 years and just switched to InsureSign.
I like it much better.
What did you find the difference was?
They have a lot more options. I just use a few of their options. I like that I don't have to save the doc to my computer first. I press print to and it goes to a holding file until I have collected all the doc's. It sends a reminder every day until they sign. I can add a date to the date line next to their name for the day they sign it. I can add an optional or mandated check mark they have to choose. I use this a lot w/ flood insurance waivers Being in a coastal state. There is more that I don't use.