Direct Mail Insurance Programs Extra Protection, Lasting Impression
DIRECT MAIL INSURANCE PROGRAMS
Econocheck’s Direct Mail Insurance Programs offer extended protection with lasting impressions. Your customers have access to quality insurance products that add security and peace of mind to their lives, and they see you not only as a valuable services provider but also as a long term financial partner.
In turn, you enjoy recurring fee income and enhanced customer retention with little or no investment on your part. You supply the data file, and we'll take care of everything else: mailings, enrollment processes, benefits administration and program management. And, unlike the other direct marketers, we continually update enrollment and response records, so your clients won't be confused by duplicate offers.
GIVING YOUR CUSTOMERS MORE
The Thank You Program offers complimentary accidental death and dismemberment insurance coverage to your customers with the option to purchase up to $250,000 in additional coverage. Approximately 20% of responders to this program choose to purchase additional coverage. After twelve months, we initiate a follow-up mailing which typically generates a 45% increase in incremental program fee income for your institution.
Unlike your typical AD&D programs, Econocheck offers non-traditional opportunities for your customers to buy additional coverage - more protection for them, substantially more fee income for you with our two affordable enhancement options:
- A survivor non-taxable monthly income benefit that provides the beneficiary with one lump sum payment of $10,000 to help with immediate expenses. This coverage is supported with supplemental payments of up to $1,500 per month for 36 months.
- A motor vehicle rider that provides the beneficiary up to $100,000 of additional coverage for an accidental death caused by any covered motor vehicle accident.
After the loss of a loved one, this invaluable insurance program helps your customers land on their feet - and stay there.
GIVING YOUR FINANCIAL INSTITUTION MORE
Direct response marketing is our passion. Our strategic implementation results in higher customer participation rates and stronger cross-sell opportunities. We've earned our place as a preferred enhancement provider - we've serviced millions of our clients' customers with our direct mail insurance products.
- Direct response programs invite customers to no and low-cost insurance protection
- Completely turnkey: Econocheck manages mailings through program and benefit administration
- Our insurance programs offer basic coverage levels with the opportunity to up sell additional coverage - that means enhanced customer retention and maximum program fee income potential.
- For those customers choosing to purchase coverage, your institution will receive on-going administrative revenue from Econocheck