Policy System

On-line Access of Policies

- Alphabetically (Phonetic)
* By Owners Name
* By Insured's Name
- By Client Number
- By Group Number
- By Policy Number

Policy Schedules and Non-Forfeiture Sheets for:

- New Policy Issues
- Re-issues
- Reinstatements
- Lost Policies

Automatic Premium Calculation

All significant transactions are maintained in the transaction tracking system to substantially reduce research functions:

- Premium Billing
- Premium Payments
- Policy Changes
- NFO Functions
- Reinstatements
- Cancellations
- Correspondence

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All policy Maintenance functions are processed immediately.
Non-forfeiture and automatic loan functions include:

- User defined parameters
- Value inquiry
- Option for future and retroactive variable settlement dates
- All required accounting entries
- Performs APL, ETI, RPU and Surrenders
- Complete transaction tracking
Comprehensive Dividend Functions
Premium Accounting:

- On-line and batch premium payments and reversals
- Temporary mode and form of billing available
- Automatic premium income accounting to the benefit level
- Agent Commissions/advances are automatically paid and reported

Policy Maintenance:

- Fast reference inquiry and change screen
- Comprehensive inquiry and change screen
- Comprehensive automatic cancellation processing sub-system
- Automatic rate increases and decreases

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All Major Forms of Premium Billing.

- Direct Bill
- Bank Draft/Electronic fund transfer
- Premium Deposit Funds
- Government Allotment
- List/Bill
- Credit Card
- Others
Policy Billing:

- Automatic system update from bank draft and EFT processing
- Billing dates are automatically maintained
- Status Codes available to prevent billing
- L.P.O. worksheets available
Automatic system resolution for payment reversals
Comprehensive list/bill support system:

- Trial billing
- Off-mode premium amounts
- Temporary suspensions
- Multiple list sequences
- Single group payment entry

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Policy fund tracking includes transaction information for the following types of funds:

- Benefit Funds
- Dividend accumulations
- Policy Loans
- Premium Deposit Funds
Balances for all funds are available to the user for inquiry at any time:

- Separate display screens are provided for each fund.
- "Variable-date" computations include:
* Guaranteed rate periods
* Compound periods
* Multiple interest rate periods
* Multiple rollover funds and rates
All standard letters are generated by the system automatically:

- Letters may be added or modified on-line and printed on demand.
- Out going letters are entered into the mail tracking report for response.
- Data already existing in the data base such as name and address is automatically inserted by indicating policy, agent or vendor number.

Policy maintenance transactions may be setup today and processed automatically on a future date determined by the user.
Future transactions may be based upon the policy paid to date or the actual date that the user wants the transaction processed.
Future transactions may be viewed on-line by policy or group.
Future transactions may be modified or deleted by policy or group.
Possible future transactions include:

- Policy Cancellations
- Policy NFO functions
- Billing function changes
- Owner/Insured name changes
- Address information
- Dependents may be added and/or terminated on a specific date

System automatically reports future transactions that failed processing

Future transactions are reported either automatically or by request

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