CalcFocus signs Leading Voluntary Benefits Carrier to implement New Business Illustrations, Inforce Illustrations, and ‘Smart’ Annual Statements for multiple generations of universal life, lifetime benefit term, and accident and health product quotes

Philadelphia, PA, November 1, 2021 – CalcFocus announces a new contract to implement its cloud-hosted Forecast illustration application for a leading voluntary benefits carrier. New business and inforce illustrations include all universal life product generations in carrier history, a lifetime benefit term product, and multiple accident and health products. Applications include new business illustrations and quotes, inforce illustrations, rate cards for enrollments, and ‘smart’ annual reports for universal life policyholders.

“This project leverage’s CalcFocus’ ability to configure large numbers of historic plan code variations based only on differences from other product variations”, says Bob Oakes, Chief Customer Officer, “plus, CalcFocus integrates with carrier administration and document and archive integration to automate inforce projections and annual statements that offer remedial action alternatives if policy longevity is threatened, or IRS Section 7702 (f) (6) problems are projected.”

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.