Life Insurance Annuities

Plan Installation – Application data entry, application screening, case preparation, case installation, and contracts setup Payment Processing – Fund allocation...

Life Insurance Annuities

  • Plan Installation – Application data entry, application screening, case preparation, case installation, and contracts setup
  • Payment Processing – Fund allocation for premiums with various frequencies, maintenance of fund rules and regulations, 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, claim status enquiries, and benefit payment

In-force Illustration

Annually, insurance carriers may choose to provide, or the policy owner may request, periodic updates on the policy’s performance. These updates are provided in the form of in-force illustrations. The in-force illustration is similar to the basic illustration in every aspect, including the listing of the age of the insured as the issue age and the number of years the policy has been in force.

The Illustration will show the exact results of what has happened from the initial policy inception to date, with future projections based on current assumptions. In-force illustrations are extremely important tools for evaluating the performance of any given policy over time.

The Policy Owner can request the following in-force illustrations:

  • As-is
  • Solve for the necessary premium to keep policy in-force to maturity or to age
  • No further premiums
  • Solve for reduced face amount, with no further premium to carry to maturity
  • Using current premium, solve for face amount that will carry to maturity
  • Solve for reduced face amount, with no further premium to carry to maturity

Value Proposition

Illustration support service is led by an executive professional, with over 20 years of experience in the US life insurance industry, who understands your needs to deliver accurate and quality illustration.

  • Reduce Cycle Time
  • Reduce Overhead
  • Reduce Cost
  • Improve Profitability
  • Improve Process Efficiency
  • Improve Cashflow

Turnaround time for the vast majority of illustrations is 24 hours, depending on the complexity of the job. Almost 98% the orders are completed during the same business day. Day-end orders are delivered before the start of the next business day.

Contact Us to learn more about free trial and rates

Unique Engagement Model

Fractional FTE at Attractive Cost
eNoah has tailor-made programs with partial resources who are trained for both business functions. You only pay for half FTE to handle the transactions.
Hybrid Model
If your volumes are between half FTE and full FTE,  with our unique engagement model, you will pay only for half FTE with transaction-based pricing.

Contact Us to learn more about our Engagement Model!

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  • + 1 805-630-6432
  • info@enoahisolution.com

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