New Product Guide

A new Product Guide is now available on both the Desktop and Online Illustration Systems.

To access the new product guide online, log in at www.ikclife.com.  If you do not have a login, you can create one by clicking on Create User.

 

  Once you have logged in, click on Illustration System under the New Business Illustrations tab.

The new Product Guide can then be accessed by clicking on the book at the top of the screen.

 

To access the new Product Guide on the desktop version of the Illustration System, open the Illustration System and click on the book at the top of the screen.

 

To use the new Product Guide, click on the bookmark at the top left of the screen.  This will break down the products by type.  Click on the product in the list that you would like to view and you will automatically be taken to that page of the Product Guide.

Based on your version of Adobe Reader, you may not initially see the bookmark when you open the Product Guide.  If you do not see the bookmark, place your cursor at the bottom of the first page of the guide and a pop up toolbar will appear.  Click on the Adobe logo and you will then have the option to click on the bookmark at the top left of the page.

 

 

Illustration Development Team

1-800-572-2467 x8162

illustrationhelp@kclife.com 

Calculating Pending Policy Premium Changes

After an application is submitted to Underwriting, if a change is made that would affect the premium for the client, the new premium will need to be calculated.

 

For example, if an application is submitted for a Level 20 for a Male, age 48, at Standard Non-Tobacco and after review is then offered at a Table B, the new premium can be calculated using the Desktop or Online Illustration System.

 

The Online Illustration System can be accessed by navigating to www.ikclife.com and logging in.  If you do not have a login, you can create one by clicking on 'Create User.'

Once you have logged in, click on 'Illustration System' within the 'New Business Illustrations' tab.

This will bring up the Online Illustration System.  To calculate the new premium, enter in the information for the client:

 

Since the policy is being offered at Table B, we will need to add in the table rating.  We will add this as a '2' in the box highlighted below.  A table rating of '1' corresponds to a Table A, a table rating of '2' corresponds to a Table B, and so on.  Entering in the table rating for the Level 20 will automatically display the new premium in the premium box on the left. 

 

 

 

While term quotes automatically display the premium upon entering in the client information, Universal Life quotes give you the ability to calculate the premium since the premium is flexible with these type of products.

 

Let's take the same information used before, but assume the client submitted a Supernova Application and, after review, the policy was being offered at Table B. 

 

To calculate the new premium, enter in the information for the client, including the Table B rating.  Since premium is flexible with the Supernova, we will need to calculate the new target premium.  To do this, click on the 'C' that is highlighted below.

 

 

When the box comes up, click on 'From Specified Amount' and click the 'C' next to 'Target.'  This will display the new Target Premium based on a Table B rating.  Since premium is flexible, the premium can then be adjusted accordingly so that the policy performs at the level desired.

 

 

 

Illustration Development Team

illustrationhelp@kclife.com

1-800-572-2467 x8162