Digital life insurance platform Covr Financial Technologies has launched Covr LTC Estimator, a digitally enabled long-term care multi-carrier comparison tool for financial advisors. The tool will allow users to compare asset-based long-term care products and to customise quotes by factoring in such options as inflation and elimination period lengths. The product will work as part of the Covr Advisor platform, which provides users with life insurance, long-term care and disability products. “Using digital tools like this is an important step towards making our industry more efficient and competitive,” said David McWilliams, CEO of Covr.
Digital life insurance platform Covr Financial Technologies has launched Covr LTC Estimator, a digitally enabled long-term care multi-carrier comparison tool for financial advisors. The tool will allow users to compare asset-based long-term care products and to customise quotes by factoring in such options as inflation and elimination period lengths. The product will work as part of the Covr Advisor platform, which provides users with life insurance, long-term care and disability products. Covr also offers Covr Consumer, a platform for financial institutions to offer direct insurance to customers.