Return of Premium (Cashback) Product

You have a client and want to run them an illustration for our Return of Premium (Cashback) Product.  You'll notice that you have four different options: Cashback Life 20 - (SE), Cashback Life 20 - Age 95, Cashback Life 30 - (SE), and Cashback Life 30 - Age 95. 

Which one do you chose?  The Age 95 version and SE (state exception) version have a few differences.  They are:

• Rate differences 
• The SE version will only provide coverage for the term period (20 or 30 years). The Age 95 version is renewable annually after the initial level period at rates based on the attained age of the insured at each renewal 
• The SE version has been approved in OH, PA, UT, and WA

So if the insured lives in Ohio, Pennsylvania, Utah, or Washington you will select the Cashback Life 20 or 30 - (SE).  If they live in any other state you will select the Cashback Life 20 or 30 - Age 95.

If you have any questions or would like help setting up a Cashback Life illustration, just give us a call!

Illustration Development Team
illustrationhelp@kclife.com

It's as Easy as Click, Click, Click

While taking calls, we have found that a lot of Agents don't know that many of the inforce requests we do can actually be done by you through our website, www.ikclife.com!  Our hope is to show you how you can access your inforce policies so that you can make hypothetical changes to them on-the-fly so you can get right back to your clients, rather than waiting on us to run the requests and email them out to you.

If you are the assigned agent, the policy has been in force for at least one year, the policy is above the minimum specified amount, and the product type is in our list of illustratable inforce products below, then the ability to run an inforce illustration is at your fingertips!

To take advantage of this tool, navigate to www.ikclife.com and log in.

PLEASE NOTE: If you do not have a username and password, click on the portion highlighted in red on the website and you will be able to set one up. 

Once you have logged in, click on the Inforce Illustrations tab and click on "Run Inforce Illustrations."  

Type in the policy number you are trying to access and click, “OK.”

When the policy summary comes up, if you would like to make hypothetical changes and run inforce illustrations, click on "View Illustration" at the bottom of the page.

You will then be directed to the input screen.  Here, you can make hypothetical changes to the policy by clicking on the change buttons.  Once changes have been made, click on the magnifying glass to run the illustration.  If you would just like a current illustration, just click on the magnifying glass to run it and you will be presented with a current policy illustration.

We have provided you with many options when running inforce illustrations to help you meet the need of your existing clients, so please feel free to call us with your questions.  I'd be happy to spend some one-on-one time helping you walk through any inforce requests you receive.

Jill Parsons
Illustration Development Team
illustrationhelp@kclife.com

Product Portfolio

The Product Portfolio is an excellent tool for new Agents to use when looking at the products Kansas City Life offers to determine which product may fit the needs of their client. 

To access the Product Portfolio, navigate to www.ikclife.com and click on the "Product Portfolio" tab at the top.

To access information on a particular product, simply click on the folders on the left-hand side.

Illustration Development Team
illustrationhelp@kclife.com

iKCLife Training Videos

Looking for a quick overview of some of the things iKCLife has to offer?  Check out our training videos!

Our Training Videos can be accessed by navigating to www.ikclife.com and logging in.  Once you have logged in, click on the "Training" tab at the top and select "Videos."

If you have a question about how to complete a certain task, email us at illustrationhelp@kclife.com.  We'd be happy to answer your questions and include instructions for the task within our training materials.

Illustration Development Team
illustrationhelp@kclife.com

Cashback + Life Protector

The Cashback + Life Protector concept allows you to show a client the benefits of buying both a Cashback Life 20 or 30 and a Life Protector policy. This concept presents a way for clients to have a higher amount of coverage for the short term and a smaller amount of coverage for the long term.
At the end of the 20 or 30 year period of the Cashback Life, the cash that the client would receive back could then be used to pay up the Life Protector policy. In some cases there may be enough cash value in the Cashback Life product for the client to pay up the Life Protector and still take some money home!

Did you know you can now run Cashback + Life Protector quotes without use of the Illustration System?!

Simply log in to www.ikclife.com.  Once you have logged in, click on Agent Home, click on the Wizards tab, and choose the Cashback + Life Protector concept.

When the Cashback + Life Protector user interface is displayed, simply fill in the necessary information and click Run Wizard when finished.

Your output will then be displayed which you can print, save, and show the client.

Illustration Development Team
illustrationhelp@kclife.com

Term Quote Sheet

Need a few quick term quotes, but don't have the time to run a separate illustration for each?  No problem!  Simply use the Term Quote Sheet wizard on ikclife!  The Term Quote Sheet will allow you to quote up to six term policies at once and will display the premium information for each policy type side-by-side, all on one page!

To use this wizard, navigate to www.ikclife.com and log in.  Once you have logged in, click on Agent Home, click on Wizards, and select the Term Quote Sheet concept.

When the user interface displays, simply type in the necessary information and click Run Wizard when finished.

Output will be generated which will display premiums based on the client information you entered, mode you selected, and products you chose from the dropdowns.

Illustration Development Team

illustrationhelp@kclife.com

Managing Alerts

iKCLife gives you the ability to manage changes made to your clients' policies.

To access Alerts, simply log in to www.ikclife.com, click on Agent Home, and select the Alerts tab.

Your Alerts will be displayed and policy changes that have taken place in the last sixty days for policies assigned to your agent number(s) will be populated.  Click on a category to view detailed information, including policy numbers related to each type of change.

Illustration Development Team
illustrationhelp@kclife.com

Letters to Policyholders

In mid-October, letters were sent to policyholders in accordance with the Gramm-Leach-Bliley Privacy Act.  To view a list of your policyholders that received a letter, simply navigate to www.ikclife.com.

Once you have logged in, click on "Agent Home" and select "Alerts."  To view the list of policyholders that received a letter, simply click on the letter types highlighted below and the information will be displayed.

Illustration Development Team

illustrationhelp@kclife.com

Income Assured Option Fact Finder

iKCLife has a new and exciting Income Assured Option Fact Finder!

To access the Income Assured Option Fact Finder, log in to www.ikclife.com.  If you don't have a login, you can create one by navigating to www.ikclife.com and clicking on the icon highlighted below:

After you have logged in, navigate to "Agent Home," click on the "Wizards" tab, and select the "IAO Fact Finder."

Once the IAO Fact Finder is displayed, fill in the appropriate information to determine Survivor Income Needs at Death.  If you have a question on what any of the fields mean or how an amount is calculated, simply take your cursor and place it over the question mark next to the field and a description will be displayed.  Once you have filled in all of the appropriate information, click "Next."

Next, fill out the appropriate values for the Survivor Cash Needs at Death.  Make sure to include any existing life insurance at the bottom.  Once you are satisfied with your inputs, click "Next."

Information based on your inputs will then be displayed on the page.  This will sum the Survivor Income Needs at Death and the Survivor Cash Needs at Death minus any existing life insurance to give a total death benefit that would be necessary to cover urvivior income and cash needs at death.

Clicking "Generate PDF" will place this information in a printer friendly format that you can then show your clients!

Illustration Development Team

illustrationhelp@kclife.com

Inforce Requester

Did you know that you can request inforce policy illustrations at www.ikclife.com?! 

To request an inforce policy illustration, navigate to www.ikclife.com and click on Inforce Requester.

Fill in the necessary information for your request. 

Select "Current" from the dropdown if you would just like a current illustration.  If you would like something other than a current illustration, select "Other" and type in a description for your request.  Be sure to fill in all necessary information so we can contact you if needed. 

Once you have filled in all of the information click "Submit Request."  When possible your request will be generated and sent to the email we have on file within seconds!

Illustration Development Team
illustrationhelp@kclife.com

Triple Option UL

The Triple Option UL is another wizard that is now available on iKCLife.  This wizard can now be run without use of the Illustration System.

To access this wizard, navigate to www.ikclife.com and log in.

Note: if you don't have a login, you can get one set up by navigating to www.ikclife.com and clicking on the icon highlighted below:

Once you have logged in, click on Agent Home and the Triple Option UL Wizard under the Wizards tab.

When the wizard is displayed, fill in the information for the client and click "Run Wizard."

The output will then be displayed which will show side by side scenerios of a Term, Cashback, and Universal Life Product for the client.

The Illustration Development Team

illustrationhelp@kclife.com

iKCLife

iKCLife is Here!

iKCLife is a new and improved website that was designed with the Agent in mind that can be used to assist you with all of your Kansas City Life insurance needs!  Effective today, www.iKCLife.com  will replace www.kclillustration.com.

Here's a quick overview of some of the exciting features you will find on

iKCLife!

• Product Portfolio - The new Product Portfolio page is a great place to find information about Kansas City Life's Individual Life products.

• Inforce Requester - Will allow you to request inforce policy illustrations through the website. When possible, requests will be generated and sent out to the email address we have on file within seconds, rather than calling in and waiting on your requests.

• Wizards - With a single click, the Wizards give you the ability to run Triple Option Term, Term Quote Sheet, Cashback + Life Protector, and Triple Option UL's without the use of the Illustration System.

• Alerts - Will allow you to view policies assigned to you for which a policy change has taken place in the last sixty days in one or more of the following categories:

*Alerts can also be set up at the General Agent level.

• Quoting - iKCLife gives you the ability to run New Business and Inforce Illustrations for your clients.

• Sales Materials - This online catalog will allow you to obtain materials relative to our products, markets, recruiting, and branded materials all with the click of a button.

 

• Graphs - The Graphs section will highlight target premiums for all Term, Whole Life, and Universal Life policies that have been sold under your Agent ID(s) over the past six months. 

• Training - A new Training Section allows you to view training documents, how-to videos, schedule training sessions, and email us your Illustration questions.

Use your existing Username and Password to check out iKCLife!  No username and password?  No problem!  Navigate to www.ikclife.com and click on the icon below to add your information.

Sincerely,

Illustration Development Team

illustrationhelp@kclife.com

Solving for the Premium to Reach a Specific Year/Age for Inforce Policies

One of the most common types of inforce illustration requests we receive on a day-to-day basis is the request to solve for a premium that will carry an inforce policy to a specific year/age.  This is a very simple request that can actually be completed with the click of a single button, so we wanted to take a moment to show you where you can go to find this premium.

First, click on the Inforce Illustration button within your desktop software, or you can navigate to www.ikclife.com.  Both options will take you to a login screen.

PLEASE NOTE: If you do not have a username and password, click on "Create User" and you will be able to set one up. 

Once you have logged in, click on "Run Inforce Illustrations."

Make note of the parameters for looking up inforce policies:

Type in the policy number and click "Ok."

Next, the Policy Summary will be displayed.  To run an illustration click "View Illustration."

To solve for the premium to reach a specific year/age, click on the PTY (Premium-to-Year) button. 

When the Premium Calculation window comes up, type in the Pay Through Year, Target Cash Value, and Achieved at End of Year figures you want to see, and select either current or guaranteed mortality from the dropdown.  Once the information has been entered/selected, click on "Calc" so that the modal premium can be calculated.

For example, let's assume I have a policy that was issued for a 30 year old and I want to solve for the premium to reach age 90 based on current assumptions.  I would input a Pay Through Year of 60, since 60 years from the client's issue age they will be 90.  I would input a Target Cash Value of $1,000.00, and I would want this to be Achieved at End of Year 60 as well since I only want the policy to run to age 90.  Since I want this policy to run to age 90 based on current assumptions, I would then select Current Mortality from the dropdown. 

If a premium can be calculated based on your inputs, the premium will then be displayed based on the billing mode that is selected similarly to the example below:

If a premium cannot be calculated based on your inputs, the following message will be displayed:

Once you are satisfied with the premium, click the magnifying glass to run the illustration.

As always, if you have any questions or would like help working on an inforce policy, please feel free to give us a call, we are here to help!

Illustration Development Team

1-800-572-2467 x8162

illustrationhelp@kclife.com