New LGA Digital Platform enhancements available: Business insurance and Get More Get Less for clients
New options available today:
Business insurance and Get More Get Less for clients
Effective today, August 5, we’re happy to announce that the following new features are available within the LGA digital platform:
- Business insurance: You can now purchase the following types of business insurance within the digital application platform: Sole Proprietor*, Limited Liability Company (LLC), S-Corporation, Partnership, Limited Partnership (LP), Nonprofit Organization and Cooperative. Cases can be based on the following business needs including:
- Key person: life insurance for a company’s top executives
- Buy-sell: insurance covering the business should a co-owner die, be forced to leave the business or voluntarily leaves the company
- Loan collateral: life insurance policy used as collateral for a business loan, assignment required upon policy activation
- Stock redemption: the policy serves as a binding agreement implemented by the business owners to orderly facilitate the transition of a business interest in the event of death, disability or retirement of the business owner
- Get More or Get Less for clients: You can now enable either Get More or Get Less for your clients and provide them with the option to customize the offer (based on eligibility). This feature can be selected within the existing advisor preferences section on the Final Decision Preferences screen.