Time life insurance. LifeScore Labs Seeking Life Carrier Partners

LifeScore Labs, the risk-scoring subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual), has announced it is seeking life insurance carrier partners to join a beta test program designed to introduce them to LifeScore Labs’ new fluidless risk model – LifeScore360X. Purchase life insurance.

A predictive risk scoring model for fluidless underwriting developed by LifeScore Labs, LifeScore360X can generate a risk score for a life insurance applicant without the need for traditional lab results, as well as help carriers identify low-risk applicants for whom traditional laboratory tests and medical exams may be waived.

Each carrier participating in the LifeScore360X fluidless beta test will receive a detailed analysis highlighting the key differences between its current underwriting processes and those executed through a fluidless risk model. Results from the information-gathering-only beta program, however, will not be used to underwrite life insurance applicants.

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“ We recognize that many life insurance carriers are making a fluidless underwriting solution a business priority , as it presents a compelling opportunity to make underwriting processes more efficient, while also delivering a better customer experience. We believe LifeScore360X will provide efficient, clear risk assessments for carriers, while presenting an opportunity for millions of Americans who, because of a historically complicated process, have bypassed purchasing life insurance.” – Sears Merritt, Head of LifeScore Labs and MassMutual’s Head of Technology & Data Strategy and Enterprise Architecture.

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