LexisNexis® Life Smart Path
Gain earlier insights for a better path forward in life insurance
LexisNexis® Life Smart Path is a configurable and flexible evidence ordering solution that streamlines the life insurance application and underwriting process by mitigating application fraud and misrepresentation and enabling instant decisioning for carriers.
Life insurance carriers want to provide their customers with solutions that take advantage of digital efficiencies and speed up the application process. But automated approaches bring their own set of challenges, including possible fraud, complex data mapping needs, data liability and allocation of scarce technology resources.
Application omissions drive up costs for everyone.
56%
of criminal records go undisclosed in the application process1
48%
of omitted driver’s license numbers do in fact exist1
1. LexisNexis® Risk Solutions Internal Study of Nondisclosure on Life Applications, 2022
It’s time for a new path for life insurance
We can help improve application data accuracy — while mitigating fraud risk and reducing friction.
The right balance of speed and protection for life insurance carriers
Your path to...
- Smarter insights sooner with near real-time data for quicker decisioning and reduced cycle time.
- An earlier picture of risk while automating your application process and improving your customer’s experience.
- Greater flexibility for deployment within your workflow — with minimal technology investment.
- Peace of mind that minimizes application risk and mortality slippage — while maximizing your ROI.
How can LexisNexis® Life Smart Path accelerate your
application-to-underwriting journey?
Capable
Enable high-volume adoption and precise data mapping with a streamlined, customer-friendly approach.
Confident
Mitigate application risk and mortality slippage while managing expenses and maximizing ROI.
Compliant
Prevent data liability by avoiding the ingestion of unnecessary consumer data in the application phase.
Constraint-free
Overcome the limitations of legacy systems with a configurable, single-integration solution.
Let’s work together to make the life insurance process easier and faster.
Learn how reducing application risk can help to streamline your underwriting process.