The past two months we’ve mentioned that we made improvements to Protective Velocity to make it easier and faster to do business with us. We are excited to share that even more updates are coming soon.
Automatic Offer Acceptance from Pending Business Site: When cases are approved less than applied, Protective will email you when an offer is available. After logging into MyProtective, you can review the offer and either accept it or request that the file be closed within our pending business site. You also have the ability to request changes, such as decreasing the face amount. This allows you to take immediate action to review, accept and send your files directly to the issue team within minutes.
Real-Time Processing for Electronic Policy Delivery: When policies are issued, they are immediately available for delivery via electronic policy delivery.
More Automation Throughout the New Business Process: As technology evolves, we continue to automate more of our business processes to help speed up cycle times and move business more seamlessly through our systems.
- Automating APS Orders: During the underwriting process, we’re automating APS orders to greatly impact processing times.
- Automating Forms Receipt on Pending Business: When outstanding forms are uploaded to the pending business site, they will soon move automatically into our imaging systems. You’ll receive automatic confirmation when forms are uploaded, as well as real-time updates to case status.
Automating Issue: Automatically issuing Protective Advantage ChoiceSM UL and Protective® Lifetime Assurance UL cases after approval or offer acceptance.
Keep an eye out for next month’s issue for even more improvements.
Let’s deliver on our promises. Together.