SecurityTrack Now Available in the Quick Quoter

The Illustration Development Team is excited to announce the most recent addition to the Quick Quoter, the SecurityTrack! You can now generate quotes for this annuity for your clients by clicking here.

The Quick Quoter's user-friendly interface makes it very easy to enter all of your client's personal data and add any premium schedules, payout options, or income schedules related to the case. Payout options now include Life, Certain and Life, Certain Specified Period, Specified Certain Amount, Installment Refund, Joint and Survivor Life, and Joint and Survivor Certain and Life.  

The entire layout of the illustration PDF, including the Lifetime Income Rider (LIR) detail page, has been streamlined for clarity and readability. You will notice that the payout option details can now be seen at the bottom of the "Quick View" summary output making it faster than ever to approximate your clients' future income without having to first generate the entire illustration. 

With this addition, you also have the option to view the guaranteed and current interest rates by clicking the "Interest Rates" tab at the top of the Quick Quoter page. This tab allows you to set a different default current illustrated rate for the SecurityTrack, should you desire to do so. Changing the rate for the selected product will update the current illustrated rate for all illustrations you run for that product. 

As always, you can access specific product details and additional agent information in the Product Portfolio. 

Please let us know if you have any suggestions that would improve your experience in illustrating the SecurityTrack or any other products on the Quick Quoter by contacting us at IllustrationHelp@kclife.com. 

As always, happy selling!

New "Save Age" Feature on Quick Quoter

Recently, a new feature was published to the Quick Quoter that allows agents to save the insured's age on a new business illustration. Doing so allows the insured to apply for insurance with a younger age and thus obtain a better rate based on the earlier age and risk class. Note that when an application with the saved age instead of the actual age is approved, the insured must pay all of the premiums from that previous point in time to when the policy is issued.

As the image above shows, when the insured's date of birth is entered, the age is calculated based on the age-near or age-last rule, depending on the selected product. Clicking the "Save Age" button, located below the client age box within the client information section, calculates the insured's age as of 6 months prior to the current point in time and compares the two ages. If the age calculated after clicking "Save Age" is younger than their age at the current time, that is the date of birth that will be used on the illustration. The image below shows this function. 

It is our hope that this feature makes the application-writing process easier for agents, but we would love to hear your feedback and ideas for other features you would find useful on the Quick Quoter. As always, you can contact us at IllustrationHelp@kclife.com. 

Happy selling!