CalcFocus signs Leading Voluntary Benefits Carrier to implement New Business Illustrations and Inforce Illustrations for a Lifetime Benefits Term plan, including Policy Issue Integration with Policy Administration

Philadelphia, PA, December 20, 2021 – CalcFocus announces a new contract to implement its cloud-hosted Forecast illustration application for a leading voluntary benefits carrier. Lifetime Benefit Term new business and inforce illustrations are first in queue followed by other new product introductions. In addition, policy issue integration is coordinated with carrier’s new policy administration platform.

“New product introductions that provide lifetime coverage are based on a variety of actuarial designs; lifetime benefit term products are increasingly included in voluntary benefit offerings,” says Bob Oakes, Chief Customer Officer, “CalcFocus is thrilled to continue to partner with carrier’s new product introductions.”

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.