Large, Privately Held, Trusted Administrator Selects CalcFocus for Voluntary Benefits Universal Life Illustration and Administration Services for Seven Carriers

Philadelphia, PA, October 2, 2018 – 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. Administration services include IRS Section 7702 and 7702A processing services, CRVM reserve calculations, policy migration expected results, and policy administration expected results suites.

“Seven diverse product suites from seven different carriers require policy administration on a new platform under an accelerated schedule. We appreciate the administrator’s confidence that working with CalcFocus services will accelerate the implementation and the administrator’s recognition that policyholder service is enhanced when selected illustration services become real-time policy administration touch points,” says Tommy McCahill, CalcFocus’ President and CEO.

Srinivasan Ranganathan, CalcFocus’ Chief Technology Officer, adds “We appreciate that the administrator prefers CalcFocus services are cloud-hosted subscriptions.  CalcFocus demonstrated conclusively that CalcFocus security controls are extremely robust and that CalcFocus services’ performance and availability are top-tier.”

About CalcFocus

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.

Media Contact
Bob Oakes
267-639-5729 (office)