p1 Life 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.
Our system is a total solution which includes the following key 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
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
Report generation & Bureau reporting
Online retrieval of all correspondence at the touch of a button with DocuRead document management integration
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
Easily manage cash receipts and distributions from within the p1 Life system.