Plan Details and Riders for Life Insurance Advisors
Each policy carries its plan type, policy term, premium paying term, riders and benefit schedule. These details decide when premiums stop, when benefits arrive and what the family is covered for.
Details held for each plan
Why the advisor keeps this together
A family may hold five plans with five different terms. Cover in one plan may end while another carries on. With terms and riders in one place, the advisor can read what a family is protected for today, and which cover is due to end next year.
Where it leads next
The benefit schedule feeds the maturity and survival dates. The premium paying term tells the due calendar when the last premium falls. Riders show on the family’s cover summary, beside the base plan they belong to.
What the agency sets up
- The plan list for each insurer you work with
- Rider names as your agency records them
- Which extra fields to show for unit-linked plans
- Whether bonus declarations are kept on the record
What this module does not do
It does not prepare benefit illustrations and it does not work out bonus or maturity value. Figures are typed from the insurer’s papers. Fund values for unit-linked plans come from the insurer’s statement. It does not recommend a plan.
Frequently asked questions
Can a plan with a limited premium paying term be recorded?
Yes. The premium paying term is stored apart from the policy term, so the last premium date is known well before it arrives.
Are riders linked to the base policy?
Yes. A rider sits under its policy with its own cover amount and premium, and shows on the family summary.
Does it calculate maturity value?
No. The maturity amount is entered from the policy document or the insurer’s letter.
Can unit-linked plans be recorded?
Yes. They are held as policies with the extra fields you choose, and fund values are noted from the insurer’s statements.
Tell us what you need.
Share your requirements and one of our engineers will come back to you within one business day.
- No obligation
- A reply within one business day
- Your details stay private
Start with your requirements
Seven short steps that tell us what you need. An engineer reads them before getting in touch.
Share your requirements