“> announced the availability of its SmartLife digital product range and instant issuance platform, a white-label solution offering simplified term life insurance products based on a digital insurance platform. In addition, Teachers Life has signed up OTIP as its first distribution partner for the new SmartLife platform.

The SmartLife product suite and instant issuance solution offers distributors a range of simplified renewable and non-renewable term life insurance policies with terms of 10, 15, 20, 25 and 100 years and coverage up to $1 million. It also includes a medical underwriting flow for applications that require more medical information. Distributors can also offer a self-service or agent-assisted application process to ensure customers can access the right coverage and products to meet their individual needs and purchasing preferences.

“Teachers Life offers a turnkey term life insurance distribution solution that makes it easy for OTIP and other insurers to expand and modernize their insurance offerings without the risks associated with untested partners. With more than 85 years of industry experience and reliability, Teachers Life is an easy choice for partners looking to get to market quickly with a proven, digitally focused term life insurance solution.” – Kayte Fredrickson, President and CEO of Teachers Life.

OTIP, a long-time partner of Teachers Life, is the first distributor to implement Teachers Life’s new white label solution.

“The addition of Teachers Life’s SmartLife product suite and instant issuance platform reflects our commitment at OTIP to providing an outstanding insurance and service experience to the dedicated members of Ontario’s education community. By offering our members simplified, digitized term life insurance products powered by Teachers Life, we can confidently provide them with more choice, convenience and affordable life insurance options.” – Vic Medland, CEO of OTIP.