As part of this groundbreaking partnership, Bestow will spearhead the digitisation of various Transamerica life insurance products. This includes the transformation of final expense coverage, a move aimed at delivering a more efficient and user-friendly application process for both customers and agents.
This collaborative effort between Transamerica and Bestow is poised to bring about notable advancements in the accessibility and convenience of life insurance services. Stay tuned for further updates on this transformative collaboration.
Andrew DeMarco, head of Life Solutions at Transamerica explained, “We are excited that Bestow will be building out a platform that redefines the Transamerica experience with our agents and clients. Powered by Bestow technology, Transamerica will be able to enhance not only the way we engage with new clients – digitally and in minutes – but also how we provide service throughout the policy lifecycle.”
Melbourne O’Banion, CEO & co-founder, Bestow said, “Partnering with Transamerica to reimagine the application, underwriting, and policy issuance of new products on our platform has been rewarding for both teams. This is only the beginning of a fantastic partnership that will provide their agents and customers with increased access to financial products through a best-in-class, convenient, digital buying experience.”