Humania Assurance has announced that it is launching a new web application that allows financial advisors to create and compare a HuGO term life insurance quote in 15 seconds.

This new web app enables the advisor to create a temporary HuGO life insurance quote and then compare it with five of the most competitive products in Canada, stated Humania in a Dec. 5 announcement.

Six choices of insurance

By providing some basic client information (birth date, gender, smoker status), the advisor can quickly “create a quote from six choices of term life insurance (T10, T15, T20, T25, T30 and T35 years), and compare it with our competitors," says Kim Oliphant, Humania’s Vice-President, Sales and Marketing.

Humania’s HuGO platform allows insurance to be issued in a few minutes in most cases. The company says that HuGO, which was launched last year, has been a success. More than 1,300 advisors across Canada have used the platform to sell term life insurance, says Humania.