Production Release for Revolutionary Bluestone Life Universal Life New Business

Philadelphia, PA, May 8, 2018 – CalcFocus announces today that the revolutionary Bluestone Life Universal Life product is cloud-hosted, in production for new business Forecast illustrations. Bluestone Universal Life is a unique implementation: there is no premium expense or per thousand charge. The product design follows financial advisor best practice – level monthly fees replace percent of premium charges and there are no producer commissions. Cash surrender values are available with the first premium paid with remarkable returns. Bluestone’s mission includes donating 1% of all premiums collected to 1% for the Planet and to offer all policyholders, at no charge, a Bluestone Impact Rider. This “planet rider” donates an amount equal to 1% of the universal life initial  face amount to the policyholder’s choice of 1% for the Planet nonprofit organization when a death benefit is paid. 

“It is a pleasure to work with the Bluestone team’s innovative product design and how Bluestone links life insurance sales to a wider purpose,” says Tommy McCahill, CalcFocus’ President and CEO. “We are extending our relationship with Bluestone to enable a world-class direct-to-consumer user experience for policy acquisition and self-service.” 

Bob Oakes, CalcFocus marketing lead, adds “The Bluestone team have also designed, and the CalcFocus team is implementing,  the most easy to understand supporting report we have reviewed that presents how every policyholder outlay is applied.”    

CalcFocus was founded in 2013 by a group of insurance technology veterans in response to seismic changes in the life and annuity industry landscape. CalcFocus Forecast Illustration and Achieve Administration products are cloud-hosted web services to augment or replace selected legacy illustration and policy administration functionality; and CalcFocus services may be orchestrated to become a comprehensive enterprise policy administration and illustration platform. The CalcFocus platform was designed with a pragmatic approach to configurability and a dogmatic approach to quality. Learn more at www.calcfocus.com.