Life Insurance Annuities

Term Life, Universal Life, Variable Life, Whole Life, Disability and Long-Term Care Products Sales Support Case Design based on Requirement and needs, Generate Proposals on...

Life Insurance Annuities

Term Life, Universal Life, Variable Life, Whole Life, Disability and Long-Term Care Products

  • Sales Support Case Design based on Requirement and needs, Generate Proposals on various products to compare, Database Maintenance & Tele-Underwriting
  • Field Underwriting Application data entry, application screening, matching medicals with application and case preparation
  • Licensing & Contracting Registration and licensing of sales personnel, maintaining authorized participant contracts.
  • Policy Administration Address Changes, beneficiary changes, free look cancellation, loan interest calculation, policy tax status, conversion options, loan repayment quote, reinstatements, dividend, full and partial surrenders & riders
  • Claims Processing Data Entry, processing, confirmation of payout, claims status calls and benefit payments, Billing & Payments Report on exam is done to insurance companies for billing, report on payments to be done for examiners, reconciling the payments made to examiners

Annuity Operations

  • Plan Installation Application data entry, application screening, case preparation, case installation and setting up of contracts
  • Payment Processing Fund allocation for premium with various frequencies, maintenance of fund rules and regulation, maintenance of separate accounts
  • Customer Support Address changes, beneficiary changes, free look cancellations, tax calculation for death benefit payments & benefit actions (including payments, withdrawals or surrender), rollover & payout options
  • Plan Administration Cash accumulation statements, full and partial surrenders, remittance, periodic fund position summaries, loan management, fund management, group product benefit administration(covering eligibility and enrollment administration), records maintenance, ERISA reporting and Form 5500 preparation
  • Reference Data Management Maintenance of client database, global reference data and statement return analysis Claims Servicing Data entry, processing, payout confirmation, claims status enquiries and benefit payment
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