Software Products - Illustration
Illustration is a financial analysis and reporting tool offering a solid sales solution for insurance companies and their sales force. Complying with ACORD standards in its XML messaging, it can easily communicate with a company’s Policy Administration System, and/or its Underwriting System.
Additionally, integrated into the Illustration sales tool are many of Equisoft’s applications and calculators such as the Asset Allocation Advisor, the eApplication, and the Insurance Calculators.
Illustration's key features include:
Compliance:
- New business NAIC and FINRA compliant sales illustration ledgers;
ACORD Standards:
- New business sales illustration ledgers with policy values in ACORD standard format;
- Inforce sales illustration ledgers with policy values in ACORD standard format;
- New business application required policy values in ACORD format.
Rules-driven architecture allowing:
- In-house (client) configuration;
- Speed-to-Market deployment;
- Maintenance independence.
Integrated financial planning applications (developed by EquiSoft):
- Asset Allocation Advisor (for variable products such as Variable Universal Life and Variable Annuities);
- Needs Analysis;
- Return of Premium;
- Life Events toolkit.
Integration of Equisoft’s eApplication system allowing the user to apply for the policy in real time;
Customization of solution to suit specific client needs;
Full compatibility with the Oracle Insurance Policy Administration System; communications via ACORD messaging;
Multiple product line offerings:
- Term insurance
- Whole life insurance
- Universal life insurance (traditional, indexed, variable);
- Annuity contracts (fixed, indexed, variable);
- Long term care insurance (individual, multi-life);
- Disability income insurance.
Multi-Carrier Illustration supported;
Plan Comparison Illustration supported;
Illustration has been designed specifically as a web application employing J2EE and .NET strategies and technologies.
For detailed sample reports, click on the following links:
