Private Label CalcFocus Production Release for Voluntary Benefits Universal Life

Philadelphia, PA, December 15, 2017 – CalcFocus announced today that a private label instance of the CalcFocus Forecast Illustration and Achieve Administration web services, integrated with a proprietary policy administration platform, entered production release for a voluntary benefits universal life carrier.   

CalcFocus services include policy page and NAIC Life Insurance Illustration Model Regulation compliant new business document data population, NAIC Life Insurance Illustration Model Regulation compliant ‘as is’ /  ‘what-if’ inforce illustration interface, annual report longevity calculator, money purchase calculator, and solves for guaranteed and current assumption premiums to keep policies in force until maturity after selected financial events process.  

“We’re very pleased that this employee benefits company with deep, specialized expertise in voluntary benefits enabled multiple policy administration touchpoints for CalcFocus web services,” says Tommy McCahill, CalcFocus’ President and CEO. “They understand that illustrations are not an afterthought for voluntary benefit universal life policyholders but, instead, are relevant to core policyholder service.” 

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.