Drop Ticket: A Step-by-Step Guide to Term and GUL Insurance Quoting

Drop Ticket: A Step-by-Step Guide to Term and GUL Insurance Quoting

We’re here to help you simplify the way you prepare and submit your Term and GUL business! Use our short online form, known as Drop Ticket, to quickly provide the basic client information. This jump-starts the application process and moves it to underwriting even faster.

Drop Ticket is a fast, efficient, and 100% paperless way to quote a term case.

“What I love most about Drop Ticket is how easy it is to use. Better yet, it’s 100% paperless, and many of the most popular insurance companies are carriers.”

-Jonathan B., agent

The Drop Ticket tool is featured in our Agent Tool Box, and it’s undoubtedly one of the most convenient and efficient application processes for you and your clients. By the end of this article, you will know how to drop a ticket and submit a finished application in good order that has been submitted to the carrier.

Work Smarter, Not Harder

  • Multi-product Term and GUL
  • 100% digital – no paper, no wet signatures; always the correct form
  • Online and easy to use
  • Save Age feature
  • Apply for any face amount
  • Collects required forms and electronic signatures more effectively and efficiently
  • Easily order medical/exams or have them ordered for you
  • Automatic access to Accelerated Underwriting that speeds up the underwriting and issue process leaving you more time to sell

YOUR Call-Center for Fulfillment

By working with The LIS Group, you are working directly with our Fulfillment Center, as opposed to a third party entity.

  • Fulfillment by knowledgeable life insurance case managers
  • YOU are in control during the fulfillment process
  • Flexible appointment-setting (including warm-transfer)

There are 8 Drop Ticket Carriers:

  • AIG
  • American National
  • John Hancock (with & without Vitality)*
  • LGA (Banner / William Penn)
  • Pacific Life*
  • Protective
  • Prudential*
  • SBLI (Centrian)*

*Multi-lingual interviews (for over 200 languages) available

8 Carriers. 5 minutes. 1 easy-to-use online form.

Step 1: Login to your site.

After logging into your site, you can make your quoting screen ‘full screen’ by clicking on the left-facing triangle. (Not registered? Click here for a username and password.)

Drop Ticket

Step 2: Generate a quote.

To generate quotes, simply fill in the pertinent information, and click on the Quote button. If you know the Carrier you’d like to sell, and do not want to quote multiple carriers, you may select a carrier by using the Carrier drop-down box.

If you prefer to quote all available carriers, do not select a carrier.

Note: To ‘Save Age’, click the Save Age box.

Step 3: Select the quote.

To select the quote of the carrier you prefer, simply click on the corresponding ticket.

Additionally, if you want only to send quotes and not complete a ticket you may do so by clicking on those carriers you want to send and then clicking on the “Email Quotes” button. Finally, when you see a blue dot next to a carrier it tells you there is information with which you should be familiar.

Note: If you are not already appointed with the carrier, you may request an appointment by clicking on the request carrier appointment box.

The Ticket Breakdown

All tickets are comprised of four sections:

  • Personal Information
  • Policy Details
  • Payment
  • View and Submit

All yellow highlighted fields are required; if the fields are not highlighted, they are optional.

Complete the personal information pages.

In the ‘Please Contact Me’ section, you should let the proposed insured know that they will have two conversations after you submit the request for insurance:

  • First Conversation: A 20 minute telephone interview where they will need three things for the call:
    • Drivers License
    • Financial Information (annual earnings, total debt, total net worth)
    • Medical Information
      • Doctors’ information including names, addresses, and phone numbers
      • Dates of last visits and reasons for visit
      • Medications, dosages, and reasons for taking them
      • Any procedures they may have had
  • Second Conversation: Paramed Call or Visit

Additional medical information might be requested, and height, weight, blood pressure might be taken at this time. Additionally, a blood and urine sample may be gathered. If the proposed insured is the owner make sure to check that box, located at the bottom of the screen.

Complete the Policy Details pages and then the ‘Payment Details’ page.

Congrats

Once you have completed the ‘View and Submit’ page, your interview with the client is complete and your ticket has been submitted!

In a few minutes, you and your general agent will receive an email confirming that your ticket has been submitted.

Three Things to Remember:

  1. The administrative menu contains submitted ticket and pending ticket information. Pending tickets are incomplete tickets that you have not submitted.
  2. While the process for each carrier is the same, the questions differ. Take a dry run with each carrier you plan to offer. This will make your job easier and faster!
  3. By using Drop Ticket, you’ll never use an incorrect or outdated form, you’ll never miss a signature, and the carrier will always be able to read the answers on applications. That saves you and your client time, and it avoids any inconvenience.

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