Plum Life offers a fully digital platform for agents and advisors to sell life insurance policies, featuring a streamlined application process and transparent case management tools. This solution addresses the need for efficient online transactions while providing clients with access to a diverse range of competitively priced insurance products.
Funding
$5.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MGFounders
Product
Problem
Life insurance agents and advisors face challenges in efficiently managing and selling policies in a digital environment. Traditional processes often involve cumbersome paperwork, manual tracking, and limited online capabilities, hindering productivity and client engagement. Clients also seek the convenience of online transactions while still valuing personalized advice.
Solution
Plum Life provides a fully digital platform designed to streamline the life insurance sales process for agents and advisors. The platform offers a suite of tools to manage policies, track cases, and access client information efficiently. It enables agents to offer clients a range of competitively priced products from A-rated companies through a simplified, online application process. Plum Life's platform also facilitates transparent case management, automated client communications, and commission tracking, enhancing both the agent and client experience.
Target Audience
The primary target audience includes licensed life insurance agents and financial advisors seeking a digital platform to enhance their sales process and client engagement, as well as clients who desire the convenience of purchasing life insurance online with the support of an advisor.
Features
- 100% digital platform for buying, selling, and managing life insurance policies
- Advisor dashboard for managing compensation, accessing marketing tools, and generating reports
- Mobile-first application designed for ease of use by clients
- Automated client communications to improve conversion rates
- Transparent case management with real-time tracking and alerts
- Broad product suite including Instant Issue Term, Accelerated Term, Whole Life, Final Expense, and AD&D
- E-signing and online payments for a seamless digital experience