Life Insurance Software

Life insurance software can involve a set complex software features that allow an organization selling or managing life insurance to properly account for the various aspects life insurance covers. If your organization sells or manages life insurance, life insurance software would be critical to maintain low management overhead with high life insurance software automation. Our life insurance software supports life insurance policy management for both individual and group life insurance, of various sorts. Our life insurance software can see life insurance policy cycle through from beginning to end. Starting with the life insurance application, we design our application forms to fit right into your organizational web site with branding and your organizational logo. The application process can process via the prospect or the life insurance producer, who would initiate a life insurance application online via a secure life insurance software portal.

When underwriting life insurance using life insurance software, understanding all of the pieces that fit together to create the life insurance policy is key, including the type of life insurance, associated regulatory requirements, and of course rates and premiums. If managing term life insurance policies, our life insurance software can keep your policyholders informed with a pending term due on a policy. When calculating premiums, we have complex algorithms your organization can use and further customize indefinitely to accommodate as many variables needed to properly assess premium rates for your life insurance applicants. Premium automation can be critical when automating the life insurance billing process, especially term life insurance. Level term, decreasing term, convertible term, and whole life insurance policies may all be accounted for in our life insurance software. Our life insurance software additionally supports graded premium calculations and flexible premium policies.

For group life insurance software features, if you have eligibility requirements for group life insurance applicants, initial eligibility scans may be automated and controlled by the employer and / or life insurance producer, to minimize internal processing costs. Our life insurance software additionally accommodates one or more beneficiaries, as well as having multiple named insured on the policy. Our life insurance policy can also track riders, policy loans, and payment history, with the option of interest accrual if applicable.

Contact us for a live demonstration of our life insurance software.