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Whole Life Insurance Positioning PDF Print E-mail
This Life Insurance Monitor report focuses on how our coverage firms are positioning whole life insurance products on their public websites. Permanent and whole life insurance products offer protection for an individual’s entire life and include some living benefits and tax incentives worked into the product as well. Throughout this report, we review the availability of these products on public websites based on three central aspects – accessibility, product page structure and content, and relevant product resources.
 
This report focuses on the whole life insurance product information positioning on Life Insurance Monitor coverage firms’ public websites. The 11 firms were analyzed on three key criteria:
  • Accessibility
  • Whole life product page content and structure
  • Whole life product related resources
Overall, Life Insurance Monitor firms do a good job promoting their permanent life insurance product online, utilizing a variety of design features and relevant resources. Only one firm received a grade in the A range, but two other firms received a B+. All of the top three firms in this report excel with regards to accessibility and they all offer convenient product comparison charts. In total, 55% of the firms covered in this report provide life insurance product comparison charts within their public websites.
 
Most of the Life Insurance Monitor firms provide access to the whole life product information from a product-related submenu tab on the main menu and from a life insurance overview page. We were surprised to find that only one of the coverage firms provides access to whole life product pages directly from the public homepage. Additionally, six of the firms covered in this report provide public homepage quicklinks to a life insurance overview page.
 
Additional key findings include:
  • Five firms offer links to whole life product brochures on the public site.
  • 27% provide multimedia videos resources devoted to permanent life insurance.
  • Only four firms provide individual product information pages for whole life insurance policies.
  • One firm provides a relevant whole life insurance mobile application.