Illustration Module
Illustration is a financial analysis and reporting tool which fulfills a key part of the sales process. Geared to life insurance companies and their sales force, the illustration module facilitates the presentation of client recommendations. Complying with ACORD standards in its XML messaging, it can easily communicate with a company’s Policy Administration System, and/or its Underwriting System.
Additionally, integrated into the Illustration sales tool are many
of Equisoft’s applications and calculators such as the Asset Allocation
Advisor, the eApplication, and the Insurance Calculators.
Other key features:
- Compliance (New business NAIC and FINRA compliant sales illustration
ledgers)
- ACORD Standards formats
- Rules-driven architecture allowing in-house (client) configuration,
speed-to-market deployment, maintenance independence
- Customization to suit specific client needs
- Integration to financial planning applications developed by EquiSoft
(Asset Allocation Analysis, needs analysis, return of premium, Life
Events toolkit)
Integrates with multiple product lines
- Term insurance
- Whole life insurance
- Universal life insurance (traditional, indexed, variable)
- Annuity contracts (fixed, indexed, variable)
- Long term care insurance (individual, multi-life)
- Disability income insurance
Technology
- Illustration has been designed specifically as a web application
employing J2EE and .NET strategies and technologies
- Full compatibility with the Oracle Insurance Policy Administration
System; communications via ACORD messaging
