Life insurance is traditionally a labor-intensive and complex sale, one that turns away many brokers accustomed to the ease of "dropping a ticket" in a simpler securities transaction. Depository Trust and Clearing Corp. (DTCC), however, has taken a step towards simplifying life - life insurance, that is - with a new program called InsurExpress.

"Our goal with InsurExpress is to help insurance carriers and distributors increase life insurance revenue by simplifying the management of a life insurance application and significantly reducing the time needed to complete a policy sale," said Randy Grespin, managing director of DTCC Distribution Services.

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