BindHQ’s agency operating system aims to enable technology-driven MGAs, MGUs & Wholesalers to bind more business and expand their revenue.BindHQ’s cloud-based platform reduces total cost of ownership with no hardware or servers to maintain, reduced upfront capital expenditures, and once the user is…

Life Design Analysis

$30.42

per month

What is Life Design Analysis?

Life Design Analysis is a life insurance sales enablement software. It is designed to help insurance agencies present and sell policy options to potential customers. Life Design Analysis has the capability to create reports comparing different policies and make presentations from them. It also…

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Product Details

About
Tech Details

What is Vertafore ReferenceConnect?

Vertafore ReferenceConnect Technical Details

Operating Systems	Unspecified
Mobile Application	No

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Reviews and Ratings

(2)

Attribute Ratings

10
Support Rating1 rating

Reviews

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November 12, 2019

Connect and reference with Vertafore ReferenceConnect

Paige Allar

Insurance Agent

Sihle Insurance Group (Insurance, 51-200 employees)

Score 9 out of 10

Vetted Review

Verified User

Incentivized

Use Cases and Deployment Scope

My organization uses Vertafore ReferenceConnect for multiple things. First, I use it to search for class codes when qualifying an insurance client. I also use it to search for scopes of these particular class codes and see what other coverages are recommended. While doing this, I am able to see what the class is typically based on (payroll, unit, area, etc.), and what types of exclusions (usually state-based) are included.

Pros and Cons

It provides a variety of descriptions that allows for correct selection.
It provides information not readily available like what a rate is based on.
Gives market appetites with some carriers.

Sometimes the site navigation is not the most fluid.
Sometimes I get logged into a particular carrier's section and have to log out and log back in - not sure the reasoning.
It does not always recognize my description so finding the class code is sometimes harder than expected.

Likelihood to Recommend

Vertafore ReferenceConnect is well suited within an organization with many users, who are trying to turn out policy submissions and gain information quickly. It is also well suited for individuals who are trying to learn more specifically about classes of business, what types of insurance coverage is recommended, and what the policies are based on. It opened my eyes to a lot of exposures for class codes that I was not particularly aware of, due to the fact that I am a new agent, and I would recommend this be used for agents who have less than 5 years experience.

Return on Investment

Positive impact on rounding out accounts with additional lines of coverage.
Positive impact on correctly classifying an account.
Positive impact on learning as a new agent.

Alternatives Considered

Unfortunately, I have not used any additional software programs like Vertafore ReferenceConnect so I am unable to compare them. I do know that my insurance agency likes the capabilities that it has and is not looking for alternatives at this point - this can only speak to the benefit to the organization.