OTIP has launched its new online life insurance powered by Acceptiv. OTIP – Ontario Teachers Insurance Plan offers a full range of group and personal insurance products. OTIP previously offered online applications, but after seeing the online life insurance offered by Teachers Life, they decided to switch to the Acceptiv system.
Our solution offers the complete purchase process, taking an applicant from needs analysis, through quote and underwriting to purchase in only a few minutes. The system branded to be consistent with the OTIP site includes over 16,000 underwriting questions, now available in English and French.
OTIP previously offered 10 and 20-year term; the new product is available for any duration from 10 to 40 years, it also adds an optional critical illness rider. The new product is also significantly better value for consumers – typically around 30% cheaper than the products offered previously.
Members of the education community can apply for life insurance through OTIP at https://otip.com/Personal-Insurance/Life.