Paperless Solutions Group (PSG), the premier provider of digitizing processes in the insurance marketplace announced today that it has partnered with ReliaShield, a leading identity theft protection service, offering the option to both insurance carriers and distributors to couple identify theft protection services with the pre-sale and post-sale process.
Identity theft affects nearly 17 million victims with more than 16 billion dollars stolen every year. Keeping in spirit of protecting the financial future of individuals and families, carriers and distributors will now be able to offer their consumers several identity theft options at the end of both the life insurance eApp and ePolicy delivery process.
Carriers and distributors will be given the option to offer these services on a product-by-product and business channel basis, with either or both the pre- and post-sales event, providing flexibility in their offering to meet marketing and sales objectives.
“We see a natural extension for consumers purchasing insurance products and their interest in identity theft, as both are designed to protect the financial wellbeing of families from all walks of life, regardless of age,” said Doug Sash, Executive Vice President at ReliaShield. “We’ve been searching for the right partner who could make transition simple for not only carriers and distributors to adopt, but make an easy transaction with minimal impact to the consumer during the sales and/or delivery process. With more than a million eApplications running through the PSG platform, they turned out to be the perfect fit.”
The offering is unique and the first of its kind in the life insurance sector. Typically buying insurance is focused on a singular product. Direct marketers and the agents of independent distributors have developed a noninvasive way to create a new automated add-on sales opportunity for their consumers. To support the partnership, ReliaShield has created an aggressive revenue sharing opportunity in perpetuity for direct marketers and other distributors who sign up through PSG.
Jeff McCauley, President and COO at Paperless Solutions Group, said, “PSG is always looking for ways to better service and add value to our customers. We’ve heard more and more lately that they want easy ways to incrementally increase revenue by offering consumers a great add-on with a few clicks. ReliaShield checks all the boxes – fast, friendly, and flexible for everyone.”
About Paperless Solutions Group PSG is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Our products and services provide unparalleled automation and integration for the insurance services industry. These innovative offerings conduct millions of transactions annually by enabling the presale, new business and underwriting, point of sale, and post-sale support. To learn more about PSG, please visit www.psginc.co
Media Contact: Paul Carter, Chief Marketing Officer | firstname.lastname@example.org | 322.331.6262 x 225
About ReliaShield ReliaShield is a comprehensive identity theft protection service based in Nashville, Tennessee. In addition to monitoring your accounts, ReliaShield’s U.S.-based team offers 24/7 customer service, $1 million in stolen funds and expense reimbursement, and full-service restoration if you become a victim. ReliaShield is the smart, affordable solution to Identity Theft Protection.
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