Have you ever wanted to know what products are available based on the death benefit payout and client information? If so, the brand new IAO Calculator wizard is for you! Based on the IAO inputs and client information, available products will be shown and premium results can be returned. This is also the first wizard that can be transferred into the Quick Quoter!
To take advantage of the new wizard you must first log in to iKCLife. Once logged in, click on IAO Calculator in the Wizards dropdown menu.
To begin, choose how the death benefit will be paid out and enter the client information. Based on the IAO inputs and client information, invalid products will be grayed out. Underneath each product we list if it's unavailable due to age, risk class, specified amount or state. Select one of the available products and click Run Wizard.
Clicking Run Wizard will list out the Total Death Benefit Payout and a quick view of the premiums. For term, return of premium and whole life products, the "Regular" and "PAC or Combined Billing" premium will be shown for all billing modes. For universal life, the minimum and target premium will be listed for all billing modes.
If you are happy with the case setup on the IAO calculator but want to customize the case by adding riders or want to generate a full PDF, simply click the "Transfer to Quick Quoter" button which will input all of the information from the wizard to the Quick Quoter.
Please don't hesitate to contact us if you have any questions or would like to walk through setting up a case on the IAO Calculator wizard!
Have a Great Day,
Illustration Development Team
1-800-572-2467 x8162
illustrationhelp@kclife.com