InforcePRO enables policy reviews for Universal Life policies and streamlines the inforce illustration process
Austin, TX (PRWEB) May 03, 2016
Ground breaking life insurance technology platform creator InforcePRO announced the addition of GUL and CAUL policy monitoring with 11 carrier partners. For the first time ever, carriers, institutions, agencies and life producers will have the ability to monitor and manage the health of permanent policies on their iPad or Laptop, with never-before automated inforce illustrations and review technology.
As the only post-issue life insurance platform, InforcePRO can now give complete visibility into both their term and permanent blocks of business. The automated policy review management platform can track performance.
“The complex mechanics of permanent policies, due to changes in funding patterns, crediting rates and cost increases by carriers makes it more compelling than ever to automate proper policy service for permanent policies,” said Karan Kanodia, Cofounder of InforcePRO.
“InforcePRO's announcement enables policy reviews for Universal Life policies and streamlines the inforce illustration process for 11+ carriers. This seminal release will pave the path for timely permanent policy reviews, the epitome of which will be real-time inforce illustration acquisition and analysis of universal life and whole life policies.”
Life insurance professionals and the industry as a whole has been quick to adopt the cutting edge platform for all their policy review needs to give a true policyholder experience.
“Permanent policy management is exciting - it allows us to bring the policyholder experience to the cloud and make sure that existing customers get the same level of service that we give when a prospective client asks for an illustration,” said Cameron Jacox, Cofounder of InforcePRO. “Policy management is not for the trust-owned market. The vast middle market of this country, the lifeblood of our industry, now has access to policy management because InforcePRO is the first software company to actually automate this process”.
InforcePRO is also the owner of RocketIllustration, the first platform for automating the in-force illustration run, retrieval, and dissemination and taking the burden off of carriers who receive tens of thousands of requests for data that they are legally obliged to provide and yet formerly had to fulfill manually.
InforcePRO is an innovative web-based policy-monitoring tool that delivers increased revenue and enhanced protection from liability on orphan, as well as active books of life insurance business for Carriers and Distributors and manages more than $400 Billion of face amount. The policyholder experience is moving to the cloud - join the movement at inforcepro.com.