CalcFocus signs a Carrier Contract to provide Illustration and Comprehensive Policy Administration Services

Philadelphia, PA, September 11, 2022 – CalcFocus announces a new contract to implement its cloud-hosted Forecast illustration application and Achieve policy administration application for a new carrier’s indexed universal life product with long-term care endorsement.

The product introduction will initially be to the voluntary benefits market and next to the retail marketplace.

The sales process is guided by carrier’s self-service portal whose application services interact with CalcFocus’ illustration and policy administration web applications.

The platform includes new business and inforce illustrations, new business issue processing, billing and premium collection, accounting, policy owner services, claims processing, upstream and downstream integrations, correspondence, and reporting.

“The new carrier goal is a complete digital solution to introduce a novel hybrid product design constructed to meet multiple target life-stage needs,” says Bob Oakes, Chief Customer Officer, “CalcFocus is enthusiastic to participate in and provide infrastructure support for carrier’s initial innovative product launch.”

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.