COLI.com is an interactive web-based technology platform for the design, funding, enrollment, placement, and in-force re-funding analysis of supplemental benefit plans (nonqualified plans).
Online Illustration System
The AFS Master System can also be deployed through an on-line version of the system which includes all of the plan funding analysis features that are available in our desktop system.
Components
- Benefit modeling tools
- Life insurance illustrations
- Packaged sales presentations
Case Management
In addition to illustration and re-projection capabilities, COLI.com also supports Online Management of COLI Cases. The Case Management modules allow agents, carriers, and reinsurance parties to obtain a process-oriented and approval-based control of their cases by moving the case from illustration results through new case submission to the corresponding plan administrator, using an ACORD-compliant XML data structure. The system also provides agents with printed documentation for participants to streamline the sales process.
Components
- Participant enrollment
- Interface with online underwriting applications
- Interface with carrier case coordinators
- Preparation of approved policy applications
- Submission of case data to policy administration
- Repository of in-force policy administration data feeds
- Repository of in-force benefits data changes
- Capacity to model extensive changes in economic assumptions over time
- Linking with Deferral.com online plan administration data
- In-force resolving for appropriate funding amounts
- Multiple authorization levels for agents, broker offices, plan participants, carrier marketing support, reinsurance support, and high-level administrators
