Inforce Search: Term Policies

We've made a small step towards a big enhancement with our Inforce Search on iKCLife. In the past only select ULs could be pulled up in our Inforce System, but now we are adding the ability to pull up certain term policies.

As you can see in our list of available products on the Inforce Search page, the 2005 Level 20 is the only term product that can be pulled up thus far. However, more term products are on their way to be added, so keep your eye out for new additions!

Unlike our ULs that we have in the Inforce System, you will be unable to run inforce illustrations of term polices at this time. Even though you cannot get an inforce illustration, there is still a swath of features you can use within the Inforce Search for these policies.

Once you've pulled up the inforce term you are wanting to look at, you will notice two new lines in the Policy Status section: Level Period End Date and Final Conversion Date.

If you cannot tell by the name, Final Conversion Date is the last day that the term policy can be converted to a permanent plan. Now, you can easily find when the final conversion date will be without having to find the original policy packet or calling the home office.

Level Period End Date will tell you when the policy's level period ends and when it will be entering into yearly renewable premiums. Always take both dates into consideration! Let's use the above policy as an example. Even though it has plenty of years until the final conversion date, the insured will probably want to convert their coverage to a permanent plan before the premiums hike up after the level period ends.

If you are looking to convert the term plan to one of our permanent products, conversion has never been easier with the new conversion button we've added. As you can see from the picture above, you can find it within our side menu underneath Quote.

When pressed, all of the client's personal information and policy information is transferred to a new case within the Illustration System. As an added bonus, we also prefill a bulk of the E-App for you. Never has it been so easy to just select a product and start a Conversion E-App!

If you happen to pull up a term policy and find that it is passed the conversion date, or if the client wants to simply apply for a new term plan; then selecting New Business is the way to go.

Similar to Conversion, all of the client's personal information is transferred to the Illustration System and E-App, but we don't transfer any of the policy information. We leave that up to you and the client to decide on :)

Say Goodbye Quick Quoter and Hello Illustration System

Watch out! As many of you may have noticed, the Quick Quoter has been removed from iKCLife, but do not fear, the Illustration System is here. Over the past few months, we have been working tirelessly to get out a new and improved quoting system for our agents. While the actual functionality did not change much from the Quick Quoter, the Illustration System has a lot of improvements to help make the software as user-friendly as possible. 

One of the first things that should be noted is the homepage has been updated to the link 'Illustration System with Electronic Application'. 

If you prefer to use the Illustrate drop down in the blue header bar, the Quick Quoter has been changed to just be Illustration System.

Now, let's actually get into the updates on the system itself. The first big one is the new sidebar/menu. There are three different variations of how to open the menu depending on your screen size. At the larger sizes, the menu will show all the time and is not collapsable. Once you move down a size, you will see the menu gets collapsed to the left side of the screen. This can be opened up by pressing the little gray box with the double arrow in it.

For the next screen size down, these arrows will disappear and only the word 'Menu' shows up. Similarly, you just need to click the word and the menu will open.

Next, we moved a few buttons that were previously spread out around the page into the menu, most notably the E-Application button. You will also notice we moved away from our tab system. While the pages still work just like the tabs did, they are all now located within the menu. We also put the save, copy, new, and view past cases buttons that were previously much more hidden into this menu.

When pulling up an inforce policy, you will get taken to the Inforce Summary screen. We have moved the buttons to reach the Illustration System. There are two options: 'Inforce' will take you to our Inforce Illustration System, and 'New Business' will take you to our regular Illustration System with all of the client's information transferred over into a new case. 

As for the Illustration System itself, you will notice the entire system has been redone to be more responsive based on your screen size. It ranges from a full sized computer monitor down to a little phone, making it much easier for agents to quote while on the go. The last thing we are going to cover are the updates made to the rider section. In order to get the rider description to show now, click on the rider's name while it is unchecked. 

To actually add the rider and edit the inputs, you will want to check the desired rider's box. This will cause the gray description box to disappear, the rider name will get highlighted, and the input boxes will appear for riders who need them. This can be collapsed by clicking the rider name (not the check box) to avoid having too cluttered of a page.

Riders that do not need additional inputs, such as the CCB, will not open any sort of input dropdown but the description will still disappear when the rider box is checked.

We hope you enjoy the new and improved Illustration System. If you run into any issues or have any enhancement recommendations, feel free to contact us at the number or email below!!

Illustration Development Team
1-800-572-2467 x8162
illustrationhelp@kclife.com