{"id":18437,"date":"2020-05-20T16:30:50","date_gmt":"2020-05-20T20:30:50","guid":{"rendered":"https:\/\/insurancenewsnet.com\/?post_type=innarticle&p=5492873"},"modified":"2020-05-20T16:30:50","modified_gmt":"2020-05-20T20:30:50","slug":"life-insurance-will-still-be-a-people-business-despite-greater-tech","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/05\/20\/life-insurance-will-still-be-a-people-business-despite-greater-tech\/","title":{"rendered":"Life Insurance \u2018Will Still Be A People Business\u2019 Despite Greater Tech"},"content":{"rendered":"
\n<\/figure>\n
\n

COVID-19 \u201caccelerated the inevitable shift\u201d toward using digital tools in the life insurance industry, said Susan Neely, CEO of the American Council of Life Insurers. Neely spoke during the National Association of Insurance and Financial Advisors\u2019 Advocacy In Action Day on Wednesday.<\/p>\n

The pandemic is forcing everyone to take stock of what needs to change and what needs to stay the same, Neely said. As for the life insurance industry, the biggest change coming from COVID-19 will be a more sophisticated use of technology.<\/p>\n

\u201cThe world was headed toward pervasive e-signatures, e-notaries, online exams and CE,\u201d she said. ACLI is advocating to make these temporary technological advances permanent, describing the current period as \u201ca modernization phase of our regulatory environment.\u201d<\/p>\n

These advances \u201cwill bring more products to more people,\u201d Neely said.<\/p>\n

Despite the technological shift in an industry that was known for being slow to change, Neely said some things about the life insurance industry won\u2019t change in the COVID-19 world.<\/p>\n

\n
Advertisement<\/div>\n

<\/a><\/div>\n

\u201cWe will still be a people business,\u201d she said. \u201cAnd the battles will continue \u2013 we need to tell our story to policymakers to keep negative and onerous things from being laid on our industry.\u201d<\/p>\n

Families and individuals need the life insurance industry and its agents more than ever as they deal with economic uncertainty, Neely said. She pointed to a number of ways in which the industry is \u201cmeeting the moment\u201d by doing things such as extending grace periods on paying premiums for those affected by the COVID-19 downturn, as well as supporting the CARES Act.<\/p>\n

She urged NAIFA members to \u201ccreate our own echo chamber of stories and make sure policymakers know what our value proposition is and continues to be.\u201d<\/p>\n<\/div>\n

Read the original article at insurancenewsnet.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

COVID-19 \u201caccelerated the inevitable shift\u201d toward using digital tools in the life insurance industry, said Susan Neely, CEO of the American Council of Life Insurers. Neely spoke during the National Association of Insurance and...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18437"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18437"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18437\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}