CalcFocus cloud-hosted illustration and administration services for the life and health insurance and annuity industries successfully completed a SOC 2 audit on October 31, 2018. The audit was conducted based on the criteria for a description of a service organization’s system as set in DC 200, 2018 Description Criteria for a Description of a Service Organization’s System in a SOC 2® Report

CalcFocus is pleased to announce that a large, privately held, trusted administrator selected CalcFocus to provide both illustration and administration services for seven new carriers that offer voluntary benefit universal life products. Illustration services include NAIC Life Insurance Illustration Model Regulation compliant new business illustrations and policy pagers data population; NAIC Life Insurance Illustration Model Regulation compliant ‘as is’ / ‘what-if’ inforce illustration interface and illustrations; and annual report projections.

CalcFocus announces today that the top-tier voluntary benefits universal life carriers that subscribed to CalcFocus cloud-hosted ‘as is’/ ‘what-if’ inforce illustrations and annual statement robo-advice document creation services has expanded robo-advice policy remediation with CalcFocus to multiple policyholder correspondence events.

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.