Increase Agency Commissions With Simplicity Protection® Products
Let’s face it. Competition and pricing pressures continue to diminish insurance agency profitability. Since 2001, we’ve seen that:
- Technology has increased customer access to competing products and services;
- More agents are selling insurance today; and,
- Agency commissions are being squeezed by carriers.
Property and casualty insurance agents have the ability to take control of their situation and generate significant profits through new revenue streams, such as consumer protection products. These products set you apart from competition, generate a higher profit per customer, and can increase agency commissions by more than 30%.
Adding Value Simply Drives Profits
Whether you are a reseller of insurance, or you sell direct, we provide you the opportunity to offer EFG’s award-winning consumer protection products to your customers. We will deliver an immediate impact to profits in the most efficient, and non-disruptive manner possible, while giving you the ability to provide your customers a greater value.
- EFG handles the sale of the product(s) turnkey for you; and,
- We integrate directly with your agency management system for seamless menu presentation.
Simplicity Protection Products that Build Your Business
Simplicity Protection sets you apart from competing agents down the street, while increasing net commissions and customer retention. Your customers will be thanking you for providing them uncommon value!
Simplicity Vehicle Protection
As consumers continue to keep cars longer than historical norms, ongoing maintenance costs are a growing issue. According to Experian, the percentage of vehicles on the road pre-dating the 2001 model year has reached its highest level since 2009. Many who own vehicles in this age group are well beyond 100k miles and are no longer covered under the manufacturer’s warranty. With three different options for coverage, Simplicity Protection will help your customers keep more money in their pocket at repair time.
- Coverage for vehicle with up to 10 years or 110 miles
- Three levels of powertrain coverage
- Roadside Assistance
- Rental Car & Hotel Reimbursement
Simplicity Repair Protection
A one-of-a-kind service, Simplicity Repair Protection provides your customers with a repair service concierge. Customers call Simplicity when their vehicle is in need of repair. Simplicity then supports them by providing roadside assistance (when applicable), local repair facility options and negotiating repair costs on behalf of your customer. Customers typically save hundreds of dollars on most major auto repairs.
- EFG ensures your customer’s car is repaired according to industry specifications and they’re paying the right price
- Your customer has access to roadside assistance with no out-of-pocket expense for towing, emergency road service, lost keys & lockout service, auto rental reimbursement, custom trip routing
- EFG leverages more than 46 years of automotive servicing experience
- EFG adjusters are ASE-Certified and hold previous retail automotive service experience
Simplicity Payment Protection
Simplicity Payment Protection provides you the ability to offer your customers a unique product that protects their investment in the event of a life-altering experience, such as job-loss. An insurance-like program designed specifically for long-term consumer debt products and other recurring payment needs, this benefit program relieves your customers of their obligation to make a specific set of recurring monthly payments in the event of involuntary job loss.
This customizable program makes a borrower’s payment for a period of three, six, nine or twelve months in the event they become involuntarily unemployed.
The following represent some standard criteria customers must meet for eligibility:
- 6 months uninterrupted employment prior to loan inception
- Program activates after 2 consecutive monthly payments
- Benefit payment initiates after 30 days of unemployment
Simplicity Home Protection
With Simplicity Home Protection, you’ll help your customers protect their pocketbooks from the unanticipated costs of home ownership. We maximize your opportunity to generate greater commissions by the sheer fact that we cover all non-manufactured homes, regardless of square footage with valuable features like:
- 180 day workmanship guarantee
- Unknown pre-existing conditions coverage
- Repair vs. replacement benefits