ASHEVILLE, N.C., Oct. 7, 2020 /PRNewswire/ — Quility today announced the launch of its digital platform, designed to revolutionize the process of shopping for and purchasing life insurance. With a mission to provide choice and simplicity in an industry that is perceived to be complex, Quility provides the opportunity for its clients to get the coverage they need on their terms.

Quility is backed by more than 4,000 licensed insurance agents nationwide, a recent combination of partner companies Symmetry Financial Group and Asurea Insurance Services. With licensed agents available for virtual and in-person consultations, Quility provides its clients with convenient access to expert advice and support when shopping for and purchasing life insurance. If a client prefers to purchase a policy online, Quility provides a ten-minute digital application that generally requires no medical exam. Quility’s seamless digital platform offers support from a licensed agent throughout the process should a client have questions about coverage.

“We created Quility to meet our clients where they are, providing the power of choice in how they prefer to shop for and purchase life insurance,” said Casey Watkins, Co-Founder of Quility. “Whether it’s through a video consultation or our online application, our goal is to provide simplicity and choice every step of the way. Life insurance is so important, and we want to make it as simple as possible for American families to get the coverage they need.”

Quility insurance agents are available to connect clients with a suite of life insurance solutions including mortgage protection, term life insurance, and Debt Free Life, a turnkey program designed to eliminate debt in nine years or less without any additional expenses to the client.

About Quility
Quility uses innovative and proprietary technology to modernize the process of qualifying for and purchasing life insurance. The

Rates for individual coverage will increase overall by 0.2 percent and rates for small-group coverage, such as small businesses, will decrease by 0.5 percent, according to the D.C. Department of Insurance, Securities and Banking, which reviews and approves rates for the online marketplace.

The 2021 rates are a “big win for D.C. residents in making health care more affordable and accessible,” said William Borden, a professor of medicine and health policy at George Washington University. He pointed to how people have struggled to keep up with rising health insurance premiums, even before the novel coronavirus took hold.

“Having health insurance is clearly associated with better health outcomes, and so if there was going to be a sharp increase in insurance premiums that really could be devastating, especially as individuals, small businesses are already struggling financially,” Borden said.

Insurers initially asked for rate increases as high as 30 percent, but most of the insurers decreased their initial rate filings after a virtual public hearing in September.

During that hearing, leaders of the D.C. Health Benefit Exchange Authority, which operates D.C. Health Link, the online health insurance marketplace, advocated for premium reductions or freezing rates at 2020 levels. More than 30 people signed up to testify.

The gap between what insurers initially proposed and what the DISB approved after the hearing will save D.C. residents more than $17 million, according to the department’s news release Friday.

Open enrollment in the District runs from Nov. 1 through Jan. 31.

Other jurisdictions also have moved to limit increasing rates.

Maryland Gov. Larry Hogan (R) approved an average 11.9 percent premium rate decrease for individual health insurance plans through Maryland Health Connection, the state-based health insurance marketplace, in 2021. This is the third consecutive year that individual premium rates have gone down in Maryland. Open

Powered by DPL Financial Partners, the SS&C Advent Insurance Marketplace gives advisors direct integrated access to insurance products and full reporting for the first time

WINDSOR, Conn., Sept. 29, 2020 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the creation of the SS&C Advent Insurance Marketplace, an innovative new way for advisors to access a wide range of fee-only insurance solutions.

SS&C Technologies (PRNewsfoto/SS&C)
SS&C Technologies (PRNewsfoto/SS&C)

“We are thrilled to work with DPL, a market leader in making insurance products accessible to advisors, to bring these enhanced capabilities and services to our clients,” said Steve Leivent, Co-General Manager of SS&C Advent. “Together, SS&C Advent Insurance Marketplace and DPL complement and integrate their respective offerings to provide advisors the first truly integrated and enhanced solution they need to service their client’s entire financial life.”

Through the agreement, the SS&C Advent Insurance Marketplace gives clients direct access to annuities, life insurance, long-term personal care, and disability offerings through DPL membership and services. The platform will integrate DPL Financial Partners’ fee-only insurance technology with SS&C Advent’s advisory portfolio management and accounting solutions, including Black Diamond Wealth Platform, Advent Axys, and Advent APX. The Marketplace will offer insurance products from a select group of carriers. DPL’s licensed consultants will support fee-only advisors as they evaluate commission-free products in their clients’ best interest and open policies.

“This partnership continues our mission to empower RIAs to provide clients with insurance solutions that work within their practice from fee-based products to functional technology that is integrated into their desktop,” said DPL Founder and CEO David Lau. “SS&C Advent sees where the market is moving and is building the capability to meet the evolving needs of its users as they look to holistically serve their clients. Insurance is a meaningful and important component of that.”