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