Luma Launches Life Insurance Platform

Luma Financial Technologies launched its life insurance platform, with Financial Independence Group serving as launch partner and first live client, as the company expands beyond annuities into live life insurance transactions.

The platform is designed to give advisors, distributors, and home offices a single workflow for product discovery, quoting, illustrations, e-applications, submission, policy placement, and lifecycle management. As part of the rollout, Luma integrated with iPipeline’s iGO Evolve and iGO e-App to support a connected end-to-end experience.

“We built this platform because the market needed it and asked for it. When we announced our expansion into life insurance, the market response was immediate. Our partners wanted the same kind of connected, intuitive experience in life that Luma already delivers in annuities. Now that platform is live and we’re bringing to market a modern life insurance workflow that helps firms operate more efficiently, support advisors more effectively, and manage business in a more consistent way.” – Tim Bonacci, CEO at Luma Financial Technologies.

“We’ve been waiting for something like this for a long time. Other solutions in this space haven’t delivered the value or the ease of use that our advisors need. Luma stood out by delivering an intuitive, objective experience built around what our team needs most.” – David Henry, Executive Vice President, Life Insurance for Financial Independence Group.

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