E-Application is Now Available

We are very excited to announce the release of the E-Application, which gives agents the ability to electronically write and submit applications to New Business. This tool is found on the Quick Quoter - simply log in to iKCLife with your credentials, navigate to the Quick Quoter, and you can begin.

When simply running quotes for your clients on the Quick Quoter, we do not require you to enter in certain client information that does not affect the calculated premium. In order to be able to add applications to your case, however, you will have to enter in certain client details, including first and last name, address, and date of birth. Once these are all added correctly, you can click the button to "Add Apps".

When the button is clicked, a new tab will appear at the top of the page called "Applications". From here, you can choose whether you would like to fill out the Tele-App or Full App. Simply click the button for the application you choose and begin entering the details. Please note that you can save the application at any time, regardless of completion status, by clicking on the circle button in the top right corner and clicking "Save Case". This will save the application in its current status so that you can come back to that point at a later time.

As you fill out the application, the status of each section, which is shown by the icon on the right side of each blue bar, will be marked complete when all required fields in that section have been completed correctly. Only once all required fields are complete will you be able to begin the E-Signature process by clicking the "E-Signature" button at the bottom of the page.

At any time, you may scroll to the bottom of the page and click "View Applications". This will give a PDF packet of the application forms pre-filled with whatever details have already been entered on the application. You can then take this packet and obtain physical signatures from all required signers and submit that to New Business as you have always done.

Once you have electronically submitted your case for signatures, you can view its status by navigating to your Applications Dashboard, which can be found on your Agent Home page.

Please let us know if you have any questions or run into any issues submitting your electronic applications by contacting us at IllustrationHelp@kclife.com or by calling us at 1-800-572-2467 ext. 8162. 

Happy Selling (and much quicker application writing)!

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! 

Triple Option Term Wizard and Supplemental

A major role of the Illustration Development team is to develop tools to enhance the agent experience as they are quoting and selling Kansas City Life products to clients. One such tool is the Triple Option Term wizard, which allows you to provide a side-by-side comparison of a level term product with a return of premium product. The Triple Option Term wizard is accessed by logging into iKCLife, clicking "Wizards", then the "Triple Option Term" in the corresponding drop down menu.

Upon entering the term period, comparison product, specified amount, and client info, click "Run Wizard" to generate the output that you can download as a printable PDF for your clients. The far left column shows all coverage provided by the level term product as well as the net cost over the entire term period. The middle column shows half of the coverage provided by the level term product and half by the return of premium product. The far right column shows all coverage provided by the return of premium product. The rate of return is the annual rate that an alternative investment would have to provide in order to obtain the same return by investing the premium difference between Scenarios 2/3 and Scenario 1.

These detail pages can also be added to your 20 year and 30 year term illustrations from the Quick Quoter and Illustration System, subject to minimum specified amount limitations ($200,000 for the Signature Term products and $500,000 for the Choice Advantage Term products). From the Quick Quoter, expand the Supplementals box, then click the checkbox next to Triple Option Term. When you download this illustration, the same detail pages that the Triple Option Term wizard generates will be included in the illustration packet. 

We hope that this tool is useful and makes it easier to show your clients that by just paying slightly more for a return of premium product, they can generate a higher return on their investment and remove the risk of no premium return should they outlive the initial term period. 

Happy selling!

New Term and 20-Pay Whole Life Products

Kansas City Life has introduced 2 new term series to replace the Level Term, Level Advantage Term, and ChoiceTerm series.  The Level Term series will become the Signature Term series, which will offer 10, 15, 20, 25, and 30 year term options with a minimum specified amount of $100,000.  The Level Advantage Term and ChoiceTerm series will be consolidated down into the Choice Advantage series.  This new series will combine the variety of term periods the Level Advantage offered, plus a 25 year term, as well as the premium discount for higher bands that the ChoiceTerm offered with a minimum specified amount of $250,000.

Kansas City Life also has another new product addition with a 20-pay whole life product, Value Certain 20.  This product will be very similar to the already offered Value Assured whole life product with the difference being that the premium will only be paid for 20 years.  The plan will be guaranteed to age 120 where the cash value will be equal to the death benefit.

This is an exciting time to be selling Kansas City Life products with more revisions coming in the future! The Consumer Brochure and Fact Sheet for the Signature Term, Choice Advantage Term, and Value Certain 20 can be found in the Product Portfolio.  Head over to the Quick Quoter and begin quoting these new products for your very lucky clients!

Happy Selling!

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

New Feature Introduced on Quick Quoter

Have you ever been in the middle of creating a quote for your client and realized you didn't have all the information you needed to finish it? Or been interrupted halfway through and had to re-enter the same information again later when you came back to it? What if the client wants to see several quotes for the same product with just one or two changes? The new button on the Quick Quoter creates a solution for all of these issues and more!

As shown in the image, the button in the top right corner of the Quick Quoter gives users the ability to load a new case, copy the inputs from the previous case, save their progress, and view previous quote cases. By clicking "New Case", all inputs are cleared and reset to default, thus allowing the user to begin a new quote without having to reload the entire page.

The "Copy Case" button loads a quote with the inputs from the most recently entered case. This is particularly useful when a client wants to see a particular product with various specified amounts or with different premiums. This saves valuable time as it eliminates the need for the user to re-enter all of the client information or other specifics related to their previous quote.

"Save Case" will save the current inputs, thus allowing the user to come back to that exact case at a later point in time. This is particularly useful if there is a base scenario to which the user would like to make minor adjustments to show a variety of options to their client. It is also helpful when setting up the case and realizing that a particular piece of information is missing to provide the most accurate quote as it eliminates the need to re-enter data. These saved cases can be viewed by clicking the "View Past Cases" button, where a list of previously run quotes can be found. From this page, users can view the specifics of the case by hovering the mouse over the "Info" icon. Clicking the icon in the "View Case" column will load the Quick Quoter with the case specifics already entered as inputs; no need to re-type all of that information again!

We hope this feature creates an even simpler user experience and would love to hear your feedback!

Application Packet for Gift of Life Now Available

It is now easier than ever to submit a Gift of Life application with the new application packet available on iKCLife! All required forms and instructions for filling them out can be found in one packet within the Forms and Apps section of the Wizards tab.

As always, please contact the Illustration Help Desk at illustrationhelp@kclife.com or 1-800-572-2467 x8162 with any questions.

Happy selling!