• We can build a combined, dual-purpose New Business/In-Force System.
• We can build these as separate systems.
• We can build for Desktop and/or Internet platforms.

Combined New Business/In-Force Illustration Systems

• Our combined New Business/In-Force Illustration Systems use a single calculation engine; New Business becomes just a subset of In-force
• Dual GUI – new business style to ease the learning curve, transactional for access to all possible features
• Integrated with the client company’s admin system at multiple points.

Advantages of our Dual-purpose New Business/In-Force Illustration Systems

• One calculation engine means significantly less testing
• The In-Force GUI is very much the same as the Sales Illustration System. Therefore no extra training is required. It’s easy to use.
• Fast products/rates update: same pointers/rates files
• Less on-going programming and lower maintenance costs
• Reduced risk of errors
• Less time to get In Force to the field
• Easier to take advantage of New Business-type functionality
   

The functionality is up to you. For clients such as AIG Life, Assumption Life, AXA and Transamerica In-force transactions include adding/deleting/editing

• UL coverages
• Death Benefit choices and increases/decreases
• Riders and Benefits
• COI options
• Switch to non-smoker
• Adding or stopping Maximizer/Optimizer-type options
• Reinvesting in different funds
• Switch YRT to Level
• Lump Sum Deposits
• Multiple Scenarios
• Override Surrender Charges, Policy Fees, COI, and Loan Details
• And more ...

Self-Maintenance Tools

As an option Novinsoft can provide tools such as Plan Code Database and Auto Rates Generator that allow client companies to do some of the maintenance themselves – thus saving more time and money.
 

Just like our powerful New Business Systems, our In-Force Systems offer full spreadsheet and custom reporting capabilities; as well as importing all the required policy information from Ingenium or other administration systems.

Significant dollars can be saved if we develop both your In-Force and New Business Systems.

For more information, or a demonstration, please contact Neil Menear.