p1 life for life insurance runoff

p1 life for life insurance runoff

p1Life for Term Life Insurance Runoff

We set out to develop one of the most robust life insurance data management systems available and to provide it at a fraction of our competitors' cost. We offer our clients a complete integrated solution including advanced features such as electronic funds transfer (EFT) and credit card premium processing and collection as well as customizable insured letter correspondence creation.  Letters are generated and daily printing.  They are then written to our imaging storage & retrieval system (DocuRead) which provides customer service with easy access to all correspondence via our Policy Administration module.

What makes p1Life the solution for your insurance data management needs?

 

Options and features typically missing on Life Insurance Data Management Platforms come standarD on p1 Including:

  • Over thirty customer service policy administration online functions
  • Annual, semi-annual, quarterly, and monthly billing modes
  • Electronic payments for both checking accounts and credit cards
  • Automatic letter generation and storage & retrieval system at the insured policy level  
  • Ability to convert Term to Whole Life policies
  • Yearly renewal term capability
  • Decreasing term insurance options
  • Reduction of IT personnel expenses
  • Reduction of hardware and software expense
  • The accessibility, flexibility, and security of the cloud on Microsoft’s Azure
  • Turn-key conversion from your legacy system to p1

 

Our system is a total solution which includes the following key features:

p1 Runoff Life Insurance Software Features

p1 Runoff Life Insurance Software Features

ADMINISTRATION AND QUOTING

Policy and Customer Administration, for the United States, the UK, and Spain

Automatic Policy Quoting and Rating in all 50 states

Automated correspondence

Customizable Letters & correspondence

Automatic and Ad/Hoc Generation of letters and correspondence in both English and Spanish

Automatic & Online Policy Expirations, Cancellations, & Reinstatements with related automated correspondence

REPORTING

Report generation & Bureau reporting

DOCUMENT MANAGEMENT

Online retrieval of all correspondence at the touch of a button with DocuRead document management integration

BILLING

Four Billing Modes: Monthly, Quarterly, Annual, Semi-Annual

Automatic Billing via EFT (Electronic Funds Transfer) and Credit Cards

Cash Application which includes cash suspense logic to handle over and under payments

CASH MANAGEMENT

Easily manage cash receipts and distributions from within the p1 Life system.

 

Reinsurance Life Insurance Software Features

Reinsurance Life Insurance Software Features