E-Application: Add to Existing PAC

When doing an electronic application, if the new policy had the same PAC billing information as another policy, the banking information was still needed.  A new enhancement has been released that allows the user to enter the existing PAC number and skip the banking information.

In the Billing Information section, check the checkbox for the "Add to existing PAC number?" question.  Entering the existing PAC number will transfer this to the PAC page instead of the bank information.  The subsequent draft dates for the policy will still be selected in the Billing Information section and the premium payor will still sign the PAC form as usual, but New Business will use the existing PAC number to retrieve the banking information.

We hope this enhancement makes submitting e-applications even faster!  If there are additional questions regarding this functionality, please contact us at IllustrationHelp@kclife.com.

IAO Calculator Supplemental and Rider Defaults

Recently, the transfer to the Quick Quoter from the IAO Calculator wizard was updated to automatically add your rider and supplemental defaults to the case! If you haven't used the IAO Calculator in a while, it can help you find all available products based on a particular death benefit payout and client information. The IAO Calculator shows premium results based on your setup and allows for transfer to the Quick Quoter where additional information can be added.

Clicking Transfer to Quick Quoter carries over all information entered and automatically selects all of your defaults. Once here, a full illustration can be generated or applications can be added and electronically submitted for signatures.

As a reminder, rider and supplemental defaults can be updated on their corresponding tab at the top of 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!

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

Income Search Wizard

The Illustration Development Team is excited to announce a new version of the Income Search Wizard has been released!  The Income Search Wizard is a quick and easy way to calculate maximum tax-free income from Kansas City Life Company's Premier Protection Universal Life, EquiFlex Indexed Universal Life, and Compass Elite Indexed Universal Life.  The Accumulator Variable Universal Life will be added later this year.

Keep reading to learn about some of the key features of the wizard.

• Features live validation with helpful messages as inputs are given to the system.

• A faster calculation: click Run Wizard and within a few seconds you can immediately view the output summary located in the Results section at the bottom of the wizard.  You can quickly modify the input parameters as many times as needed to arrive at the best policy design for your client.

• A clear message if no income is generated.

• Users can transfer the Income Search case to the Quick Quoter where customization can be done including:

• The addition of riders and supplementals.

• Generate a full illustration which includes the Cash Flow Summary page.

• Applications can be added and electronically submitted for signatures.
• Each Income Search Wizard case is saved automatically for future retrieval.  Use the 'Save Case As' box to give each case a unique name.  On the history page, you can then search by Client Name or the saved named of the case to quickly find a specific case.

Don't hesitate to contact us if you have any questions on the Income Search Wizard or would like to walk through a case together!

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

E-Application: Training

With the E-Application continuing to grow in popularity, one of the Illustration Development team's top priorities has been to ensure that agents have all the tools and resources to effectively complete their electronic applications. With that goal in mind, we have published several different training materials on iKCLife to allow agents to answer some of their more general questions at their own convenience.

For the agents who were not able to view a webinar training session, we have published a video that walks through filling out and submitting an entire application. To access the video, simply log in, click on the Training tab, then Videos. The video is posted under the iKCLife training topic and is entitled "E-App Training".

Another training resource can be found by clicking on the Sales Materials tab and searching for form number 12448 or for keyword "e-app". The "E-App Agent Guide" is a PDF document you can download by clicking the green arrow. This document provides a brief overview of adding applications to your case, filling out the application fields, and submitting it for signatures. 

As always, if there are any questions that these resources do not answer, you can contact IllustrationHelp@kclife.com or call 1-800-572-2467 ext. 8162.

Happy Selling!

E-Application: Hold for Issue

As e-application use increases, the Illustration Help team has received many questions regarding the Hold for Issue option within the Billing Information section. The hope is that this post will clarify the current functionality of Hold for Issue and answer some of our most frequently asked questions.

The first and most important aspect to clarify is that checking the Hold for Issue box will not include the PAC form in the signed application packet and coverage will not be bound, regardless of what information has been entered in the section. This functionality allows the applicant and agent to review the pending policy before it is issued. If banking information is received with the application packet, the applicant is bound for coverage and Kansas City Life is obligated to draft premiums using the provided bank information. Thus by not including the page, coverage is not bound and the premiums would not be drafted until further instructions are received after the case is approved.

In the first image below, all of the billing information is filled out, but the note at the bottom says that coverage is not bound. This note is included to provide additional information regarding whether or not coverage is bound based on the scenario entered in the section. Because Hold for Issue is checked, the PAC form is not to be included in the application packet and coverage is not bound. The information at the top of the section states that the banking information can be collected now and that the Applications Dashboard can be used to submit the PAC form for e-signatures upon approval. In the second image, Hold for Issue is not checked, so the PAC form will be included in the packet and coverage is bound. 

For the cases where Hold for Issue is checked, the PAC form can be submitted for e-signatures using the Applications Dashboard. Cases awaiting the PAC form are designated with a yellow dollar sign. Expanding the case will show you the option to complete the PAC form via e-signature or other. Clicking Other means that the form was submitted to New Business by mail, fax, email, etc. This button will mark the overall status of the case as complete and you will not be able to submit the PAC form for e-signatures any longer. Clicking E-Signature will generate and send AssureSign emails for the premium payor to sign the form. The e-signature process on AssureSign is the same for the PAC form and the entire application. 

If there are additional questions regarding the functionality of Hold for Issue or suggestions for improvement, please free to contact IllustrationHelp@kclife.com.

Happy application-writing!

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!